Independent journal on economy and transport policy
08:20 GMT+2
SK Group in talks to sell SK Shipping to private equity fund
(Pulse by Maeil Business News Korea)
October 1, 2018
South Korea's third largest conglomerate SK Group is moving to shed its shipping business SK Shipping Co. amid worsening financial conditions of the unit and the government's regulations on intra-affiliate transactions by large business groups. SK Holdings Co., the holding entity of SK Group, is reportedly seeking to sell a majority of its stake in SK Shipping to local private equity firm Hahn & Co. for an estimated 1.5 trillion won ($1.3 billion), according to sources ...... Read more on Pulse by Maeil Business News Korea
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