The race to acquire Daesung Industrial Gases, one of the biggest players in the South Korean market, has reportedly been won by private Asian equity firm MBK Partners.
Previously owned by multinational financial giant the Goldman Sachs Group and Daesung Group Partners Co Ltd, the deal seemingly sees 100% of Daesung Industrial Gases sold in a price reported to be around $2bn, although there has been no official confirmation from any concerned parties.
Daesung is South Korea’s second-largest producer of industrial gases, just behind Tier One multinational Air Products, producing a range of industrial and specialty gases for the semiconductor and petrochemical industries.
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