Acquisition of VES Shares Worth KRW 78.35 Billion, Stake Increases to 59.55% via Put Option Exercise
- Solus Advanced Materials decided to acquire 3,490,000 shares (5.24% stake) of Volta Energy Solutions (VES) from existing shareholder LG Energy Solution for approximately KRW 78.35 billion. Post-acquisition stake increases to 59.55%.
- The acquisition results from an investor's put option exercise, thereby terminating the existing put option agreement.
- The expected acquisition date is November 30, 2026, with completion upon final payment.
- VES's recent financials (2025, unaudited): Total assets KRW 1.58 trillion, liabilities KRW 403.2 billion, equity KRW 1.18 trillion, net loss KRW 7.13 billion.
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Acquisition of Stocks and Equity Securities of Other Corporations
- Company: Solus Advanced Materials (336370)
- Submission: Solus Advanced Materials Co., Ltd.
- Receipt: 05-21-2026
- Under KRX KOSPI Market Division