CBC Group Is Said to Mull Taking South Korea’s Hugel Private (1)

CBC Group is considering taking cosmetic pharmaceutical company Hugel Inc.private, less than a year after a consortium it led agreed to buy a controlling stake in the firm, according to people familiar with the matter.

CBC is in preliminary discussions with advisers to seek financing for a potential transaction, said the people, asking not to be identified because the matter is private. The Singapore-based buyout firm could relist Hugel in Hong Kong, but no final decision has been made, the people said.

Shares of Hugel surged as much as 19% in their biggest advance since July 2020 after the ...