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SK Seorin Building in Seoul. (Photo courtesy of SK) |
[Alpha Biz= Kim Jisun] Seoul, August 6, 2025 – SK Group has completed the full divestment of its 6.05% stake in Vingroup, Vietnam’s largest private enterprise, marking the end of a six-year equity relationship. The sale, conducted through SK Investment Vina II—SK’s investment arm in Vietnam—has reportedly secured over KRW 1.3 trillion (approx. USD 1 billion) in fresh capital.
According to industry sources, the transaction was executed through on-market block trades to pre-designated institutional investors between January and early August. While the identity of the buyers and specific deal terms remain undisclosed, the scale of the stake suggests a multi-trillion won transaction.
This move follows SK’s earlier sale of a 1.33% stake in January, which raised approximately KRW 120 billion. Vingroup’s stock price rose sharply from VND 39,000 in January to VND 104,000 in early August—a 2.6-fold increase—enabling SK to realize significant capital gains. SK appears to have strategically timed the divestment to coincide with favorable market and currency conditions.
SK Group originally acquired the Vingroup stake in 2019 for around KRW 1.1 trillion, becoming the Vietnamese firm’s fourth-largest shareholder. With the completion of this latest transaction, SK has not only exited its investment but also recouped its original capital with a return.
This divestment aligns with SK Group’s ongoing rebalancing strategy, which aims to enhance financial soundness and secure long-term competitiveness. The group is expected to deploy the proceeds toward strengthening its core growth engines, including artificial intelligence (AI), semiconductors, and energy solutions.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
