SK has sold its stake in TURO, the No. 1 car-sharing company in the U.S
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hoondork1977@alphabiz.co.kr | 2023-03-16 06:53:53
[Alpha Biz=(Chicago) Reporter Paul Lee] SK Group's holding company, SK, sold its stake in TURO, the No. 1 US P2P vehicle sharing company. The sale is estimated to have made nearly 50 billion won in investment profits in six years.
According to the industry on the 15th, SK sold its 2.98% (7,496,251 shares) stake in TURO for $ 67 million (about 87.1 billion won) on the 17th of last month. SK bought a stake in TURO for 39.6 billion won in 2017. It earned about 47.5 billion won in investment profits over the past six years.
SK took part in a 100 billion won paid-in capital increase implemented by TURO in July 2017 and acquired a stake. TURO is a car-sharing company launched in San Francisco in 2009 and provides services to share vehicles of individuals. The company, known as 'Airbnb in the automotive industry', serves more than 7,500 cities including the United States, Canada and the United Kingdom.
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