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South Korea’s SK Shipping likely to be sold for USD 1.3 billion

Logistic News - Published on Thu, 11 Oct 2018

Image Source: Wikipedia
South Korea’s SK Holdings Co., the holding entity of the SK Group, plans to sell a majority of its stake in SK Shipping to local private equity firm Hahn & Co. for an estimated USD 1.3 billion. The SK Group is a large family-owned business conglomerate in South Korea.

Meanwhile, founded in 1982 as Yukong Shipping, SK Shipping was once the country’s fourth largest container shipping line. Its financial condition reportedly deteriorated after the global financial crisis.

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Posted By : Joykumar Irom on Thu, 11 Oct 2018
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