S.Korean SK Inc to sell majority stake in gas unit for $1.86 bln to private equity firm – Reuters

South Korean conglomerate SK Inc has announced its decision to sell a majority stake in its gas unit for a whopping $1.86 billion to a private equity firm. The move is expected to bring in substantial financial gains for SK Inc, while allowing the private equity firm to acquire a significant ownership in the gas unit. This strategic decision reflects SK Inc’s focus on optimizing its business portfolio and maximizing value for its stakeholders.