SK Lubricants talks fall apart, but IPO to proceed as planned
Published: 15 Jun. 2015, 21:05
SK Innovation said on Monday that talks to sell SK Lubricants to a potential buyer have fallen apart during negotiations.
SK Lubricants is owned 100 percent by SK Innovation, and the potential buyer was widely known to have been MBK Partners, a local private equity fund.
SK Lubricant’s IPO is expected to proceed as planned. SK Innovation CEO Chung Chul-khil had said last month that it planned to list Lubricants within the second half this year.
SK Lubricants is owned 100 percent by SK Innovation, and the potential buyer was widely known to have been MBK Partners, a local private equity fund.
SK Lubricant’s IPO is expected to proceed as planned. SK Innovation CEO Chung Chul-khil had said last month that it planned to list Lubricants within the second half this year.
with the Korea JoongAng Daily
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