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SK Group Chairman Chey sells stake to Dell family office fund for $406 million
SEOUL: SK Group Chairman Chey Tae-won has agreed the sale of a 1.34% stake in holding company SK Inc to an investment fund linked to Dell Technologies founder Michael Dell for 544 billion won ($406 million), a regulatory filing showed on Wednesday. The deal is part of Chey’s plan to raise 944 billion won through share sales to pay a divorce settlement to his former wife. The buyer of 972,493 SK Inc shares was identified as DFO Public Investments, L.P., a Delaware-based investment fund affiliated with DFO Management, the family investment office of Michael Dell, according to the filing and...
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