Herbert Smith Freehills Paris LLP advises Korean company CSLI Co. Ltd on its acquisition of Systran
Herbert Smith Freehills Paris LLP advised the Korean company CSLI Co. Ltd, on its acquisition of French company SYSTRAN, one of the world's leading providers of machine translation technology.
Systran's management and principal shareholders began exclusive negotiations with CSLI Co. Ltd on 18 December 2013 for the sale of all of their shares in Systran (namely all existing shares and any new shares obtained through the exercise of their share subscription options), representing around 38.04% of the company's capital, to CSLI Co. Ltd at a price of €5 per share.