Visteon to Sell Halla Visteon Climate Control to Hahn & Co. and Hankook Tire

Skadden is advising Visteon Corporation in its agreement to sell its approximately 70 percent ownership interest in Halla Visteon Climate Control Corp., a publicly traded company on the Korean Stock Exchange, for $3.6 billion to an affiliate of Hahn & Company — a South Korea-based private equity company — and Hankook Tire Co. Ltd. The deal was announced December 17.