Korean Air to Repurchase Catering Unit from Hahn & Co. for W750b

Korean Air to buy back catering unit from Hahn & Co. for W750b

Hahn & Co. is selling back Korean Air’s in-flight catering and duty-free retail business to the airline for 750 billion won ($503 million), more than five years after acquiring the unit during the COVID-19 pandemic. The private equity firm said Thursday it has signed definitive agreements to sell its 80 percent stake in Korean Air Catering & Duty Free Service (Korean Air C&D) to the flag carrier. The deal covers 5.01 million shares and is expected to close for about 750 billion won. Once complet

By The Korea Herald