LG Hausys Ltd. (KOSE:A108670) agreed to acquire 50.1% stake in C2i S.R.O. for KRW 48.6 billion on February 17, 2017. Patrick Hessel, founder and Chief Executive Officer of c2i remains as Chief Executive Officer of C2i post completion. Board of LG has approved the transaction on February 17, 2016. The transaction will complete by March 28, 2017. KPMG Deal Advisory acted as financial advisor to the seller on disposing of the majority shareholding in c2i. Bury, Tomas, Magal, Martin, Porubsk and Michal of Allen & Overy acted as legal advisor to c2i s.r.o.