Local private equity investment firm chosen as preferred bidder for SK Encar

By Yonhap

Published : Nov 1, 2017 - 20:43
Updated : Nov 1, 2017 - 20:43

Hahn & Company, a local private equity investment firm, was selected as the preferred bidder for the offline division of SK Encar, a major secondhand car seller, sources said Wednesday.


Hahn & Company is known to have proposed purchasing it for around 200 billion won ($179 million), according to the sources.

SK Holdings has reportedly decided to sell the offline division as it was designated in 2013 as a business suitable for small and medium-sized companies.

SK Encar has 26 regional trading offices across the country through which it sold 68,000 used cars last year. (Yonhap)

MOST POPULAR

More articles by this writer Back to List
Go to Desktop Version
twitter facebook youtube

The Korea Herald by Herald Corporation