Korea’s SK Telecom to divest $277m worth of Kakao stocks

Transaction is priced at $25.6 per share equivalent for 10,818,510 shares of Kakao that SK Telecom holds.

SK Telecom, a telecommunications provider in South Korea, has priced on April 25 its intended sales of 2.44% of Kakao’s stock holding at KRW36,530 ($25.6) per share, a 7.4% discount to close price of KRW39,450 per share on April 24.

¬ Haymarket Media Limited. All rights reserved.

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