Korea’s Kepco halves LG U+ stake with $180m block
Korea Electric Power Corp (Kepco) netted W186.3bn ($180m) on Monday by selling a 4.4% stake in telecommunications company LG U+. Despite the leads opening bookbuilding without much demand already lined up, investors flooded into the deal, eager to get their hands on the stock.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts