SK Group plans to sell a 49% stake in its artificial intelligence data center in Ulsan, South Korea, to several private equity firms, according to ChainCatcher. The transaction is set to go before the boards of SK Telecom and SK Broadband on Aug. 27 for approval. Under the proposed deal structure, KKR would acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital would take the remaining 20%. The transaction is valued at about 3 trillion won and includes roughly 1.2 trillion won in capital increase. The report identifies the sale as a planned equity transaction tied to the Ulsan AI data center and names the participating buyers and ownership split. No additional details on closing timing or other terms were disclosed in the source material.
SK Group plans to sell a 49% stake in its artificial intelligence data center in Ulsan, South Korea, to several private equity firms, according to ChainCatcher.
The deal is expected to be approved at board meetings of SK Telecom and SK Broadband scheduled for Aug. 27.
KKR will acquire a 29% stake. A consortium made up of IMM Investment and Stonebridge Capital will acquire 20%.
The transaction is valued at about 3 trillion won, including roughly 1.2 trillion won in capital increase.
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