Hanil Cement to sell its Korea Ratings stake to Fitch

Hanil Cement to sell its Korea Ratings stake to Fitch
Published: 22 January 2007

Hanil Cement Co, a South Korean cement manufacturer, said Wednesday it will sell its entire stake in a leading domestic corporate credit appraiser to international credit appraiser Fitch Ratings.

The stake involves 1,565,696 shares worth 46.97 billion won (US$50.12m), representing 34.48 per cent of the entire shares of Korea Ratings (KR), Hanil said in a public notice.