KKR recoups $206 mn in block sale of HD Hyundai Marine shares

Q: How long will it take to read this news story?

The story "KKR recoups $206 mn in block sale of HD Hyundai Marine shares" has 561 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "KKR recoups $206 mn in block sale of HD Hyundai Marine shares" was covered 19 hours ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 7 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26310835</li><li>URL: https://beamstart.com/news/kkr-recoups-206-mn-in-17401074416739</li></ul>

Korea Economic Daily Logo Korea Economic Daily 19h ago

KKR recoups $206 mn in block sale of HD Hyundai Marine shares - Korea Economic Daily

Quick Summary:

According to sources in the investment banking industry on Thursday, KKR offloaded 2 million shares, or 4.49%, of HD Hyundai Marine shares in a block trade led by JP Morgan and UBS after the market closed a day before.

Global private equity firm KKR & Co.Inc.has succeeded in cashing out of its stake in HD Hyundai Marine Solution Co.into 295 billion won ($206 million), more than what it intended during its first block-sale attempt thwarted by South Korea’s first martial law in over 40 years in December.

HD Hyundai Marine offered 8.90 million shares via listing on Korea’s main Kospi market to raise 742.6 billion won.It issued 4.45 million new shares while selling 4.45 million old shares, including KKR holdings.