 |
(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] SK Networks announced that it will sell 100% of its shares in its subsidiary, SK Rent-a-Car, to private equity fund Affinity Equity Partners.
On the 20th, SK Networks held a board meeting and approved a stock purchase agreement to transfer all 46,323,542 shares of SK Rent-a-Car, a wholly-owned subsidiary, to Affinity Equity Partners. The sale amount is 820 billion KRW. SK Networks stated that the sale is aimed at "strengthening financial soundness and securing funds for future growth investments." According to the agreement, Affinity will retain all current SK Rent-a-Car employees.
The actual contract signing is expected to occur within a month from the disclosure date of the 20th, with the share transfer anticipated to be completed in the third or fourth quarter, following the necessary approval procedures by Affinity's board of directors. The expected transfer date is November 28th.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
