SK Corp divests SK Telecom stake

Another successful deal from Korea as market hits 10-year high.
August 03, 2005

SK Corp divested a 6.47% stake in SK Telecom yesterday (August 3) raising $1.025 billion to fund the redemption of a $1.25 billion exchangeable bond. The success of the new deal marks a far cry from SK Corp's initial attempt to sell the SKT stake via the exchangeable back in July 2002.

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