Macquarie to buy Gabia and KINX, take both private

Macquarie Asset Management has agreed to acquire South Korean internet infrastructure firm Gabia and its listed subsidiary KINX, taking both private. The Gabia price was raised 10.4% to 53,000 won per share, while KINX shareholders are offered 190,000 won per share with no cap on tendered shares.

• Gabia price raised 10.4% to 53,000 won per share
• KINX offered at 190,000 won per share
• Tender offers for minority shareholders have no share cap
• Deal awaits trade ministry and antitrust approval in Korea