Valenberi Family's Acquisition of SK Shieldus Deal... Completion Next Month

The acquisition deal of SK Shieldus by a private equity fund affiliated with the Wallenberg Group, Sweden's largest conglomerate, is expected to be finalized within next month.

SK Square announced on the 19th that it has moved up the closing date for the new investment attraction and share sale transaction of SK Shieldus to the 20th of next month. SK Square holds 63.13% of SK Shieldus shares.

This move follows the faster-than-expected completion of various government approval procedures, including the Fair Trade Commission's corporate merger review.

SK Square, as the sole parent company of SK Shieldus, established 'Korea Security Holdings' on the same day. Next month, it will sell 28.82% of its shares to 'EQT Infrastructure,' a subsidiary of EQT, the investment company of the Wallenberg family.

EQT will acquire about 36.9% of shares, including part of the shares held by SK Square and the entire stake of the Macquarie Asset Management consortium, for approximately 2 trillion KRW, and additionally acquire new shares to become the largest shareholder of Korea Security Holdings with 68.0% ownership.

SK Square's stake corresponds to 32.0%, with a share value of about 1 trillion KRW.

By transferring part of SK Shieldus shares to EQT, SK Square secured investment funds worth 864.6 billion KRW.

This content was produced with the assistance of AI translation services.