Hana Securities Proceeds with Sale Process of 3 Regional Power Plants... Sale Expected Within the Year
Hana Securities is understood to be proceeding with the sale process of three regional power plants acquired from SK E&S.
According to the financial investment industry on the 30th, Hana Securities recently selected the accounting firm Samjong KPMG as the sales advisor and is seeking buyers for Pyeongtaek Energy Service, Gimcheon Energy Service, and Jeonbuk District Energy, the three candidates.
The industry expects the sale price to exceed 1 trillion won. Hana Securities anticipates completing the sale within this year.
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Previously, at the end of 2014, Hana Securities (then Hana Daetoo Securities) signed a stock purchase agreement to acquire the shares and management rights of the three power plants from SK E&S as a package. The acquisition was carried out through a private equity fund (PEF) established by Hana Securities called 'Hana Power Infrastructure No.1 Private Investment Company.' At that time, the asset size of the three power plants was approximately 1.2 trillion won, and the actual share transaction was conducted at around 500 billion won.
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