Phoenix Holdings Inc. (KOSE:A037270) agreed to acquire 62.04% stake in CODECOSME CO., LIMITED from COSON Co., Ltd. (KOSDAQ:A069110) for KRW 3.5 billion on November 21, 2014. Phoenix will acquire 3.1 million shares in the transaction. On completion, COSON will hold 37.96% stake in CODECOSME.

The deal is expected to be completed on November 28, 2014.