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[Alpha Biz=(Chicago) Reporter Kim Jisun] Eugene ENT, an affiliate of Eugene Group, announced on the 15th that it has completed the acquisition of a 30.95% stake in YTN by paying the Korea Racing Authority a balance of 287.937 billion won for the sale of YTN (040300) on the 14th.
Eugene E&T signed a contract with KEPCO KDN, an existing YTN shareholder, and the Korea Racing Authority in November last year to acquire YTN shares. On the 7th of this month, it was recognized by the Korea Communications Commission as the largest investor of YTN.
With the payment of the sale balance, Eugene E&T will have the authority as the largest shareholder of YTN.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
