Kepco nets $190m from LG U+ sale
Korea Electric Power Corp (Kepco) has raised W211.2bn ($190m) by exiting from LG U+, selling its remaining 4.4% stake in the telecommunications company via a block trade on Monday night. The deal, widely expected by investors, comes four months after the South Korean conglomerate halved its holding in LG U+ also via a transaction that drew a good response from the market.
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