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The Korea Herald
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THE INVESTOR
October 01, 2020
Big Reunion

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KG Group to acquire Hollys Coffee for W145b

KG Group to acquire Hollys Coffee for W145b

Chemical-to-financial conglomerate KG Group said Tuesday that it would take over a 93.8 percent stake in Hollys F&B from investment firm IMM Private Equity. Hollys F&B owns Hollys Coffee, one of the largest coffee franchises in South Korea. 　With the acquisition deal, KG Group will own slightly more than 1.65 million shares, worth 145 billion won ($124 million), of the coffee chain operator. 　Founded in 1998, Hollys Coffee currently runs 560 stores across the nation with its sales las

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