bearish
Block Deal Prospects Arising from SK Group's Corporate Reshuffle
980 Views29 May 2024 21:30
This post explores short-term potential block deal candidates arising from SK Group's extensive corporate reshuffle, slated for finalization in a mid-June meeting.
What is covered in the Full Insight:
- Overview of SK Group's Situation
- Block Deal Prospects: SK IE Technology
- Block Deal Prospects: SK Oceanplant
- Block Deal Prospects: SK Bioscience
- Potential Outcomes and Impact on SK Group
Boomeranged on Wed, 3 Jul 2024 11:55
SK Group seems to have chosen a block deal of SK Innovation's stake in SKIET as the first step to improve SK On's financial structure. SK Innovation has picked Citi to manage the sale and plans to send teaser letters early next week. The deal is expected to conclude before the mandatory disclosure date of July 24, so our preparations should target mid-July.
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