SK Telecom trims Posco stake on second attempt

After cancelling a block trade at the end of last month, SK Telecom returns with a bigger deal during the weekend, raising $391 million.
<div style="text-align: left;">
SK Telecom has been monetising its cross-shareholding in Posco for almost a decade
</div>
<div style="text-align: left;"> SK Telecom has been monetising its cross-shareholding in Posco for almost a decade </div>

A little more than a week after it cancelled a previous attempt to trim its stake in Korean steel maker Posco, SK Telecom returned to the capital markets during the weekend with a slightly larger transaction. The sale, which was done as a club deal targeting only a handful of investors, raised a total of W4.38 billion ($391 million).

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media