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Shinsegae Group acquires 17.5 pc additional stake in Starbucks Korea


Shinsegae Group acquires 17.5 pc additional stake in Starbucks Korea
ANI |
Updated: Jul 28, 2021 08:23 IST
E-Mart announced on the 27th that it will acquire an additional 17.5% of Starbucks CoffeeKorea s 50% stake held by Starbucks Coffee International. The acquisition is 700,000 shares, and the acquisition amount is 474.25 billion won.
Shinsegae Group will have a 67.5% stake in Starbucks CoffeeKorea, including a 50% stake that it already holds. The remaining 32.5% stake will be acquired by the Government of Singapore Investment Corporation (GIC), a Singaporean sovereign wealth fund, from a long-term investment perspective.
Starbucks Korea is a joint venture established by Shinsegae Group s E-Mart and Starbucks Coffee International with 50% investment each. Shinsegae Group s Vice Chairman Chung Yong-jin brought Starbucks to Korea after his studying at Brown University in the U.S. Shinsegae Group has maintained and developed ....

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Shinsegae Group acquires more stake in Starbucks Korea


Shinsegae Group acquires more stake in Starbucks Korea
ANI
28 Jul 2021, 13:18 GMT+10
Seoul [South Korea], July 28 (ANI/Global Economic): Shinsegae Group will acquire an additional stake in Starbucks Coffee Korea and become the largest shareholder.
E-Mart announced on the 27th that it will acquire an additional 17.5% of Starbucks Coffee Korea s 50% stake held by Starbucks Coffee International. The acquisition is 700,000 shares, and the acquisition amount is 474.25 billion won.
Shinsegae Group will have a 67.5% stake in Starbucks Coffee Korea, including a 50% stake that it already holds. The remaining 32.5% stake will be acquired by the Government of Singapore Investment Corporation (GIC), a Singaporean sovereign wealth fund, from a long-term investment perspective. ....

Soult Ukpyolsi , South Korea , Chung Yong Jin , Shinsegae Group , Shinsegae Groupe Mart , Government Of Singapore Investment Corporation , Shinsegae Group Vice , Us Shinsegae Group , Ewha Woman University , Brown University , Starbucks Coffee International , Global Economic , Starbucks Coffee Korea , Starbucks Coffee , Singapore Investment Corporation , Vice Chairman Chung Yong Jin , Ewha Woman , Chairman Chung , தெற்கு கொரியா , சுங் யோங் ஜின் , அரசு ஆஃப் சிங்கப்பூர் முதலீடு நிறுவனம் , எவ் பெண் பல்கலைக்கழகம் , பழுப்பு பல்கலைக்கழகம் , ஸ்டார்பக்ஸ் கொட்டைவடி நீர் சர்வதேச , உலகளாவிய பொருளாதார , ஸ்டார்பக்ஸ் கொட்டைவடி நீர் கொரியா ,