KIS Wire Co., Ltd. (KOSE:A002240) agreed to acquire ArcelorMittal Wire International, S.A. from Arcelormittal Luxembourg S.A. for KRW 58.2 billion on December 9, 2013. The transaction is expected to close by April 30, 2014. For the year ended on December 31 2012, ArcelorMittal Wire International reported total assets of KRW 92143 million, net assets of 25988 million, revenue of KRW 37466 million and net loss of KRW 2664. KPMG acted as financial advisor to KIS Wire.

KIS Wire Co., Ltd. (KOSE:A002240) completed the acquisition of ArcelorMittal Wire International, S.A. from Arcelormittal Luxembourg S.A. on May 30, 2014.