SK Ecoplant to Sell Subsidiary SK Oceanplant... The Ocean Asset Management Named Preferred Bidder

SK Ecoplant is selling its subsidiary, SK Oceanplant.

According to industry sources on September 1, SK Ecoplant has selected The Ocean Asset Management as the preferred bidder for the sale of SK Oceanplant. The stake up for sale is 36.98% of SK Oceanplant, currently held by SK Ecoplant. The deal is valued at approximately 441.1 billion won.

SK Oceanplant is a specialized company in offshore wind power, shipbuilding, and marine industries, engaged in the manufacturing of offshore wind power substructures, offshore plants, special vessel construction, thick-walled steel pipes, shipbuilding, and ship repair and conversion. The Ocean Asset Management is a newly established private equity fund (PEF) management firm founded last year.