South Korean non-public fairness agency Hahn & Co is reviewing strategic choices for its majority stake in SK Transport Co, together with a sale that might worth the corporate at about $10 billion together with debt, Bloomberg Information reported on Thursday.
Hahn & Co is working with monetary advisers because it weighs a partial or full sale of its stake, the report stated, citing individuals conversant in the matter, including that it was contemplating different choices like promoting particular person divisions of the Seoul-based delivery firm.
SK Transport didn’t instantly reply to a Reuters request for remark, whereas Hahn & Co couldn’t be instantly reached.
In 2018, Hahn & Co acquired 79% stake in SK Transport by way of an fairness and convertible bond providing.
SK Transport operates a managed fleet of 12 ships, making it the most important LNG delivery firm in Korea, based on the corporate’s web site
(Reuters – Reporting by Gnaneshwar Rajan; Enhancing by Rashmi Aich)
