# IMM PE to buy 49% stake in SK Lubricants from SK Innovation for $1.34 billion

IMM Private Equity, via its unit IMM Credit Solution, will acquire a 49% stake in SK Lubricants from SK Innovation for an estimated 1.5 trillion won ($1.34 billion). SK Innovation retains 51% and management control.

- Type: Acquisition
- Announced: 2021-04-22
- Where: South Korea
- Value: $1.34B
- Status: announced
- Products: lubricants, lube base oil Yubase, EV lubricants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [IMM Private Equity](https://endata.com/companies/5562.md) (acquirer)
- [SK Innovation](https://endata.com/companies/21924.md) (partner)
- [SK Lubricants](https://endata.com/companies/38974.md) (target)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9842579), 2021-04-22: "With the investment, IMM PE becomes the second largest shareholder of the world's leading premium lubricants maker"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.