The internet company fully acquires its Spanish subsidiary to accelerate its European M&A strategic layout

Source: TokenPost Original Title: Naver acquires 100% of Spanish subsidiary… Securing a foothold for European M&A Original Link: The internet company (Naver) has completed the acquisition of all shares of its Spanish subsidiary, preparing for strategic investments and mergers and acquisitions in Europe. The transaction size is approximately 9.728 trillion KRW, which is expected to accelerate global business expansion.

The internet company announced in a December 16th announcement that it will additionally acquire 560,270,7374 shares of the subsidiary “NW HOLDINGS INTERMEDIA, SOCIEDAD LIMITADA.” Through this move, the shares of the Spanish entity will reach 100%, making it a wholly owned subsidiary. Currently, this entity is an affiliate of the internet company and is expected to serve as a base for acquiring shares of other companies in the future.

Regarding the purpose of this investment, the internet company stated that “the subsidiary is conducting capital conversion to acquire shares of other entities.” This is not only for the simple operation of the subsidiary but also a measure to lay a financial foundation for strategic investments or mergers and acquisitions of other companies through this entity. In the context of increasingly fierce global platform competition, this can also be understood as a move to strengthen the internet company’s influence in Europe.

Especially, Spain shows a significant growth momentum in digital industries such as cultural content, advertising, and fintech within the EU. In this regard, the internet company has previously engaged with multiple local companies and content platforms within Europe, and this share acquisition is seen as a continuation of that direction.

Market observers note that the internet company may use this shareholding as an opportunity to carry out mergers and acquisitions or expand strategic partnerships within Europe. The full integration of the subsidiary can create favorable structures in terms of financial soundness and decision-making speed, and is understood as a preliminary step to actively advance global business.

This trend is highly likely to become part of the foundational work for the internet company’s future beyond the domestic market and expanding influence within the global digital ecosystem. Through the expansion of overseas shares in strategic bases, it is expected to have a positive impact on group profitability improvement and business diversification in the long term.