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Market Chatter: SK Inc., Doosan Corp. Near Deal on Controlling Stake Sale of 70.6% in SK Siltron

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Discussions between SK Inc. (KRX:034730) and Doosan Corp. (KRX:000150) over the sale of a controlling stake of 70.6% in SK subsidiary SK Siltron are expected to conclude this week, after signing a definitive agreement was delayed, The Korea Times reported Tuesday.

The parties had expected to sign a stake sale agreement in the first half of this year, but repeatedly denied any definitive deal in regulatory filings, the report said. SK Siltron's valuation has since risen from about 5 trillion won to around 7 trillion won amid a semiconductor upcycle and higher silicon wafer prices, prompting SK Inc. to delay the deal, according to the report.

SK Inc. and Doosan Corp. did not immediately respond to' request for comment.

Shares of SK Inc. fell nearly 12% in recent trade, while those of Doosan Corp. declined over 7%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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