SKC and Kolon Industries sell SKC Kolon PI stake to Glenwood PE

SKC and Kolon Industries each agreed to sell their 27.03% stakes in SKC Kolon PI to Korea PI Holdings, a special purpose company set up by Glenwood Private Equity, for KRW 304 billion each. The transaction is expected to close by February 2020.

“SKC가 코오롱인더스트리와 함께 SKC코오롱PI 지분 54.07%를 글랜우드 프라이빗 에쿼티(PE)가 세운 투자목적회사 ㈜코리아PI홀딩스에 매도한다.”ir.newspim.com

• 3 sources
• ir.newspim.comSKC, 글랜우드PE와 SKC코오롱PI 주식 매매계약 체결정탁윤 기자Dec 24, 2019
• ir.newspim.com코오롱인더, SKC코오롱PI 지분 매각…성장재원 확보정탁윤 기자Dec 24, 2019
• glassonline.comSaint-Gobain divests its construction glass activity in South Korea | GlassOnline.com - The World's Leading Glass Industry WebsiteZoe WhittenJan 22, 2020

Summarized from public sources; check the original articles before acting on it.