Hanwha Energy Corporation made an offer to acquire an additional 8% stake in Hanwha Corporation (KOSE:A000880) for approximately KRW 180 billion on July 5, 2024. Hanwha Energy will acquire 6 million shares at KRW 30,000 per share. Hanwha Energy Corporation holds 7.27 million shares equivalent to 9.7% of Hanwha Corporation.

Upon completion, Hanwha Energy Corporation will own 17.70% stake in Hanwha Corporation. The transaction will be financed from equity funds. The expected completion of the transaction is July 24, 2024.

NH Investment & Securities Co., Ltd. acted as financial advisor to Hanwha Energy Corporation.