SK Ecoplant Exits Offshore Wind Fabricator SK Oceanplant in $299m Deal
7 Articles
7 Articles
(Goseong, South Gyeongsang Province = Yonhap News) Reporter Lee Jeong-hun = The ownership of SK Ocean Plant, a company specializing in offshore wind, shipbuilding, and plant construction located in Goseong-gun, South Gyeongsang Province, is changing from SK Group to an asset management company...
Private equity firm D'Ocean Asset Management is set to become the largest shareholder of SK Ocean Plant. According to the Financial Supervisory Service's electronic disclosure system on the 31st, D'Ocean Asset Management signed a Stock Purchase Agreement (SPA) on that day to acquire a controlling stake in SK Ocean Plant. The deal involves the acquisition of all 22,256,969 shares (35.62% stake) held by SK Eco Plant, with Osung Advanced Materials …
SK Ocean Plant, a company specializing in offshore wind, shipbuilding, and plant construction based in Goseong-gun, South Gyeongsang Province, was eventually sold to a private equity fund despite strong opposition from the local community, including South Gyeongsang Province and Goseong-gun.
SK ecoplant exits offshore wind fabricator SK Oceanplant in $299m deal
SK ecoplant has agreed to sell its entire stake in offshore wind foundation specialist SK Oceanplant to a consortium led by The Ocean Asset Management for KRW410bn ($299m). The South Korean group signed a share purchase agreement covering all 22.26m shares it owns in SK Oceanplant, equivalent to a 35.62% stake. The Ocean Asset Management …
SK Eco Plant is selling its offshore wind power subsidiary, SK Ocean Plant, for 410 billion won. As SK Group reorganizes its business portfolio around artificial intelligence (AI) and semiconductors, SK Ocean Plant, which once symbolized the group's expansion of eco-friendly businesses, is leaving the SK umbrella again after four years. Following the market close on the 31st, SK Eco Plant, the largest shareholder, [sold] its entire 35.62% stake.…
Contract amount of 410 billion won… Accelerating financial improvement
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