PE firm MBK Partners, Young Poong raise tender offer for Korea Zinc to $1.9b

PE firm MBK Partners, Young Poong raise tender offer for Korea Zinc to $1.9b

Yun B. Choi, Chairman of Korea Zinc's board speaks during a press conference in Seoul, South Korea, October 4, 2024. Yonhap via

Private equity firm MBK Partners and Young Poong on Friday raised their tender offer price for shares in Korea Zinc to match a counteroffer, as a takeover battle heats up for the world’s biggest refined zinc producer.