This transaction involves SK Engineering & Construction’s acquisition of 100% stake in EMC Holdings, Co., Ltd for approximately 1 trillion Korean Won. EMC Holdings is an environmental platform company that covers the entire environmental industry, from sewage and wastewater treatment to waste incineration and landfill with 970 water treatment facilities, 4 waste incineration facilities, 1 landfill facility, and 2 waste oil treatment facilities. Top financial investors participated in this fierce competition, which caught much attention in the M&A market this year.
As a legal counsel to SK Engineering & Construction Co., Ltd., Lee & Ko provided comprehensive review and advice on various potential legal issues pertaining to the share transfer, including conducting due diligence, drafting and negotiating the share purchase agreement. Lee & Ko’s effective advice led to a successful signing of the share purchase agreement on September 1, 2020.
[BUSINESS KOREA]SK E&C Takes over EMS Holdings to Enter Environmental Business