SK Group is driving forward with restructuring its battery business, including the sale of the management rights of SK IE Technology (SKIET), which produces separators for batteries. This move aims to support SK on, which is facing financial difficulties due to the sluggish growth of the electric vehicle market.
According to investment banking (IB) industry sources on May 15, SK Group has recently decided on a plan to sell its stake, including the management rights of SKIET, and has begun contacting potential acquirers through major global IBs.
As of the closing price on May 14, SKIET had a market capitalization of 4.09 trillion won (US$3.01 billion), with SK Innovation holding a 61 percent stake. Even wi…
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