SK Group is reportedly exploring the sale of a 70.6% controlling stake in semiconductor wafer maker SK siltron, including its 51% direct holding and a 19.6% portion tied through a total return swap (TRS) deal.
SK Inc. (KRX:034730), the holding company of SK Group, reached out to major private equity firms to explore selling its management stake in SK Siltron. The move is part of efforts to improve the group's debt ratio, Pulse News reported Wednesday.
The TRS agreement with NH Investment & Securities (KRX:005940), Korea Investment & Securities, and Samsung Securities (KRX:016360) is due to expire in 2027.
Shares of SK Inc. rose over 4% while those of NH Investment & Securities added nearly 5% in recent trade on Thursday. Shares of Samsung Securities increased about 4%.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Comments