[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Square, an investment specialist in the ICT field of SK Group, has attracted about 860 billion won from Wallenberg Street in Sweden.

SK Square has a portfolio of SK Telecom, SK C&C on 11th Street, and SK Hynix. The CEO is Park Sung-ha and the vice chairman is Park Jung-ho, the CEO and vice chairman of SK Hynix.

SK Square announced on the 20th that it has completed the process of selling part of its stake in SK Shielders to EQT Partners, a global investment company in Sweden's Wallenberg, for a total of 860 billion won.

When EQT Partners concludes the process of issuing new shares with the aim of investing 200 billion won in SK shieldus on the 21st, the final stake structure of SK shieldus will be changed to 68.0% in EQT Partners and 32.0% in SK Square. The existing equity structure was SK Square 63.1% and Macquarie Asset Management Consortium 36.9%.

Of the 860 billion won in stake sales, 410 billion won was deposited on the 20th, while 450 billion won loaned to EQT Partners will flow in within two years.

SK Square announced its vision to jointly manage SK shieldus in March this year with EQT Partners. Until last month, all government approval and approval procedures, including a business combination review by China, the European Union and the Korea Fair Trade Commission, were completed.

SK Square will be able to accelerate its move as an investment company with a good cash flow and investment capacity by securing 860 billion won in funds. For reference, as of May this year, dividends of 89.4 billion won were also brought in from SK Hynix and others.

SK Square is considering a 200 billion won shareholder return plan. It plans to finalize the detailed plan through internal procedures such as the resolution of the board of directors.

 

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