[Edaily Reporter Park Sun-Yeop ] #CLOBOT Co., Ltd announced on the 23rd that it has decided to acquire 412,428 shares of DOOSAN Logistics Solutions for 68.5 billion won.
The number of shares being acquired represents 100% of DOOSAN Logistics Solution’s total issued shares. Upon completion of the transaction, CLOBOT Co., Ltd will hold a 100% stake in DOOSAN Logistics Solution.
The acquisition amount represents 93.78% of CLOBOT Co., Ltd.’s total assets of 73,041.6 million won and 113.33% of its equity of 60,444.19 million won. The scheduled acquisition date is September 30.
CLOBOT Co., Ltd stated that the purpose of this acquisition is “to secure management control in order to diversify its business, strengthen competitiveness in the logistics automation solutions market, and create synergies.”
The counterparty to the transaction is DOOSAN. The transaction consideration consists of a purchase price of 5.2 billion won and a 63.3 billion won capital increase in the target company. Of the purchase price, a deposit of 2.5 billion won will be paid on the contract signing date, and the balance of 2.7 billion won will be paid on the transaction closing date. The capital increase in the target company is scheduled to be executed via a rights offering to shareholders on the transaction closing date.