SK picks Hahn & Company as preferred bidder to buy SK Specialty (updated)

SK

30/09/2024 06:49

(Adds details from regulatory filing and report on value of
deal)
       SEOUL, Sept 30 (Reuters) - South Korea's SK Inc
 034730.KS  said on Monday that it has picked private equity
group Hahn & Company as the preferred bidder to buy its unit SK
Specialty which produces gases used to make semiconductors.
    SK said it plans to sign a deal with Hahn & Company after
negotiating contract terms in a regulatory filing addressing a
report on the planned sale to the Seoul-based private equity
company.
        The Seoul Economic Daily reported that Hahn & Company
would acquire SK Specialty for 4.3 trillion won ($3.29 billion),
which would be the biggest deal in South Korea this year, citing
investment bank sources.
  
        SK Specialty, a gas and chemical company, supplies key
materials used in semiconductors, display panels and solar
cells.    
  
($1 = 1,305.5800 won)

 (Reporting by Hyunsu Yim
Editing by Ed Davies)
 ((Hyunsu.Yim@thomsonreuters.com;))