South Korea’s Hanwha Aerospace announced on 13 January that it will acquire a 30% stake in local firm Satrec Initiative (SI), a specialist in satellite systems for commercial and military applications.

Hanwha Aerospace said it will first acquire a 20% stake in SI featuring 1.81 million shares for KRW58.92 billion (USD54 million) in cash. It then plans to acquire an additional 10% stake by buying convertible bonds in the company worth KRW50 billion. Hanwha Aerospace expects to finalise the transaction by the end of April.

South Korea’s Hanwha Aerospace announced on 13 January that it will acquire a 30% stake in local firm Satrec Initiative (SI), a specialist in satellite systems for commercial and military applications.

Hanwha Aerospace said it will first acquire a 20% stake in SI featuring 1.81 million shares for KRW58.92 billion (USD54 million) in cash. It then plans to acquire an additional 10% stake by buying convertible bonds in the company worth KRW50 billion. Hanwha Aerospace expects to finalise the transaction by the end of April.

South Korea’s Hanwha Aerospace announced on 13 January that it will acquire a 30% stake in local firm Satrec Initiative (SI), a specialist in satellite systems for commercial and military applications.

Hanwha Aerospace said it will first acquire a 20% stake in SI featuring 1.81 million shares for KRW58.92 billion (USD54 million) in cash. It then plans to acquire an additional 10% stake by buying convertible bonds in the company worth KRW50 billion. Hanwha Aerospace expects to finalise the transaction by the end of April.

South Korea’s Hanwha Aerospace announced on 13 January that it will acquire a 30% stake in local firm Satrec Initiative (SI), a specialist in satellite systems for commercial and military applications.

Hanwha Aerospace said it will first acquire a 20% stake in SI featuring 1.81 million shares for KRW58.92 billion (USD54 million) in cash. It then plans to acquire an additional 10% stake by buying convertible bonds in the company worth KRW50 billion. Hanwha Aerospace expects to finalise the transaction by the end of April.

South Korea’s Hanwha Aerospace announced on 13 January that it will acquire a 30% stake in local firm Satrec Initiative (SI), a specialist in satellite systems for commercial and military applications.

Hanwha Aerospace said it will first acquire a 20% stake in SI featuring 1.81 million shares for KRW58.92 billion (USD54 million) in cash. It then plans to acquire an additional 10% stake by buying convertible bonds in the company worth KRW50 billion. Hanwha Aerospace expects to finalise the transaction by the end of April.

South Korea’s Hanwha Aerospace announced on 13 January that it will acquire a 30% stake in local firm Satrec Initiative (SI), a specialist in satellite systems for commercial and military applications.

Hanwha Aerospace said it will first acquire a 20% stake in SI featuring 1.81 million shares for KRW58.92 billion (USD54 million) in cash. It then plans to acquire an additional 10% stake by buying convertible bonds in the company worth KRW50 billion. Hanwha Aerospace expects to finalise the transaction by the end of April.