Korea's IMM makes debut credit investment
IMM Private Equity has made the first investment under its newly launched credit strategy, picking up a 40% stake in SK Lubricants, which is controlled by Korean conglomerate SK Group, for KRW1.09 trillion ($984 million).
SK Innovation, the SK Group subsidiary responsible for energy and petrochemicals, disclosed the transaction in a filing. SK Innovation, which said the sale was motivated by a desire to accumulate resources...
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