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Hanmi Announces Merger While Possible Power Struggle Surfaces

OCI Alliance Good For Future Cash Flow?

 
• By Jung Won Shin

An unexpected merger between Korea's Hanmi Pharm Group and chemical group OCI may raise eyebrows in terms of likely synergies, but analysts are viewing the planned transaction positively in terms of future cash flow. However, resistance from some members of Hanmi's founder family may mean a possible leadership struggle at the pharma company.

M&A
Merger Approved Unanimously At Hanmi Science, OCI Holdings Boards • Source: Shutterstock

Hanmi Pharm Group has announced a surprise merger with OCI Group in a deal that would place the leading South Korean pharmaceutical group under the wing of the large compatriot energy and chemical enterprise.

Hanmi expects the move to help secure the investment it needs to grow into a truly global biopharma operation

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