Korea Investment & Securities to acquire 0.93% SK Corp. stake for 400 billion won

  • Korea Investment & Securities will acquire shares in SK Corp. through a price return swap.
  • The transaction covers 681,431 shares for 400 billion won, or $296.47 million.
  • Korea Investment Holdings disclosed Friday that the resulting SK Corp. stake will be 0.93%.

Korea Investment & Securities will acquire 681,431 shares of SK Corp. for 400 billion won ($296.47 million) through a price return swap agreement. Korea Investment Holdings disclosed Friday that the transaction will give its subsidiary a 0.93% stake in SK Corp., roughly 1%. The purchase price represents 3.57% of Korea Investment & Securities’ equity of 11.2 t.

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