Korea's SK invests $334m in PE-backed e-Shang Redwood
Korean conglomerate SK Group has agreed to invest KRW372 billion ($334 million) in pan-Asian logistics player e-Shang Redwood (ESR), valuing the private equity-backed business at approximately $2.8 billion.
SK Holdings, the parent company of SK Group, said in a filing that it would take an 11.77% interest in ESR. The investment follows a $300 million commitment to the company in January – described as a...
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