Hyundai Corporation (KOSE:A011760) acquired an unknown minority stake in Flaxres Gmbh on January 21, 2024. The acquisition confirms a valuation of FLAXRES in the triple-digit million range.

Hyundai Corporation (KOSE:A011760) completed the acquisition of an unknown minority stake in Flaxres Gmbh on January 21, 2024. Florian Lechner, Christian Marzlin of Corporate/M&A;Heiko Kermer of tax law, Steffen Woitz of IP/IT, Munich, Deniz Tschammler of Commercial/Regulatory, Laura Stammwitz of Counsel, Antitrust Law of McDermott Will & Emery advised the Korean HYUNDAI Corporation.