Korean Newspaper: SK Group wants to collect more than 18,300 billion VND from selling shares in Vietnam

According to Maeil Business Newspaper - a famous economic newspaper in Korea - SK Group is planning to sell its shares in "giants" in Vietnam to recover 1,000 billion won of initial investment (about 18,320 billion VND). SK Group is in the process of restructuring its business operations, so it will re-evaluate its investments to ensure cash flow.

Accordingly, SK Group may exercise its put option to sell its 9% stake in Masan Group. SK Group is looking for a partner to make the purchase. The investment in 2018 was about 450 million USD. The proceeds from the sale of shares may be recovered by the end of this year.

It is known that the negotiation process of buying and selling shares between the two companies is in the final stage. Masan Group is currently one of the largest retail and consumer groups in Vietnam.

SK Group headquarters (Photo: Yonhap News).

SK Group seems to be making some urgent moves lately. The group will hold a strategy meeting from June 28 to 29 to explore investment restructuring strategies.

During the meeting, the group will figure out how to maintain SK On, SK Innovation's electric vehicle battery subsidiary. A merger between SK Innovation and SK E&S, an energy affiliate, is being discussed.

“We are in the review stage and nothing has been decided yet,” a senior SK Group executive told Maeil Business Newspaper.

Source: https://dantri.com.vn/kinh-doanh/bao-han-sk-group-muon-thu-hon-18300-ty-dong-tu-ban-co-phan-o-viet-nam-20240622171710552.htm