[인포스탁데일리=김현욱AI 앵커] Ssangyong Motor is going through resale process. It will start this week at the earliest.
As Edison Motors collapsed in the merger and acquisitions, KG Group and Ssangbull appeared as new acquisition candidates.
It is pointed out that this takeover battle will be transformed into a battle to secure the site of the Pyeongtaek plant rather than to revive Ssangyong Motor.
Ssangyong Motor and EY Hanyoung Accounting Firm, the lead company for the sale, will begin the sale process as early as this week through a ‘stalking hose’ method.
A stalking horse is a method in which the seller and the buyer enter into a conditional contract on the premise of a separate public bidding in the future.
KG Group is emphasizing synergies with its affiliated steelmaker, KG Steel.
In the case of SsangBall, collaboration with Kwanglim, an affiliate of special vehicle manufacturing, is highlighted.
In terms of financing for the acquisition of Ssangyong Motor, the dominant evaluation is that KG Group is leading the way.
As of last year, only KG Chemical’s cash equivalents were known to be around 360 billion won.
On the other hand, Gwanglim, the center of Ssangbang’s takeover, is worth about 73.3 billion won.
Some market experts criticize the companies participating in these acquisitions as participating only in the development of the Pyeongtaek plant site rather than the revival of Ssangyong Motor.
Ssangyong Motor’s Pyeongtaek plant is densely populated with large-scale apartment complexes, and SRT, KTX, and Jije Station, such as Line 1, are nearby, so if converted into a residential area, it is expected to cost between 1.5 trillion won and 2 trillion won.
Kim Hyun-wook AI anchor webmaster@infostock.co.kr
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