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31 Jan 2012

Corporate M&A Team and Antitrust Group advise E-Mart on KRW 128 billion acquisition of SM Mart

Yulchon's Corporate M&A Team and Antitrust Group represented E-Mart on the KRW 128 billion acquisition of 100% of the shares of SM Co., Ltd., which operates SM Mart. SM is engaged in the supermarket business with 28 stores in the northern part of Gyeonggi Province. E-Mart has reinforced its competitiveness in the supermarket sector with this acquisition following its acquisition of KIM'S CLUB Mart.
 

Yulchon provided advice throughout the entire transaction including due diligence, execution of the share purchase agreement, and the business combination report. Unconditional approval of the business combination was obtained earlier than scheduled.
 

Partner Sung Wook Eun and associates Seung Yong Lee, and Hyun Ah Park from Yulchon's Corporate M&A Team and senior attorney Sung Moo Jung, associate Hee Sung Jo.
 

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