Deals
SK Group to Acquire $470 Million Stake in Masan
- South Korea company to buy 110 million Masan treasury shares
- SK Group deal will value Masan Group at about $5 billion
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SK Group is acquiring the largest foreign stake in Masan Group Corp. for about $470 million, in a deal that will value the Vietnamese diversified business group at about $5 billion.
The South Korean group, which has businesses ranging from telecommunications to service sectors, will buy Masan Group’s entire 109.9 million treasury shares for 100,000 dong ($4.29) each, the companies said in a statement. SK Group will appoint a member to Masan’s board of directors.