In the sale of 90.1% of Novaled AG (a world-class core OLED technology German manufacturer) to Cheil Industries and Samsung Electronics at a price of EUR 262 million, Shin & Kim advised the selling shareholders and contributed to the successful closing of the deal.
The main issue in this deal was the merger filing with the Korea Fair Trade Commission (KFTC), where both vertical and horizontal business combinations were considered, in light of the core OLED technology owned by Novaled. Shin & Kim successfully developed winning arguments, in addition to ensuring smooth communication between Novaled, its shareholders, the buyer, and the KFTC. Shin & Kim’s efforts were instrumental in obtaining the approval of the KFTC in time, and successfully closing the deal.
