.
MergerLinks Header Logo

Announced

Hanwha to acquire an 8.8% stake in OneWeb for $300m.

Financials

Edit Data
Transaction Value£216m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Friendly

Minority

Acquisition

Private

Cross Border

United Kingdom

satellite communication

Satellite

Pending

Synopsis

Edit

Hanwha, a global technology and manufacturing company, to acquire an 8.8% stake in OneWeb, a satellite communications company, for $300m. "We are pleased to join hands with OneWeb, which has strength in the LEO communication area, the core of space business. To OneWeb 's vision of connecting all the people across the globe, Hanwha System's satellite and antenna technology will bring more advantages," Youn Chul KIM, Hanwha Systems President, CEO and Director.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US