SK Group, one of South Korea’s largest conglomerates, has decided to restructure its investment portfolio, including reducing its shareholding in Vingroup (VIC) from 6.05% to 4.72%. This move was announced in its 2024 annual report, indicating that Vingroup’s shares are being classified as held for sale. From January 16 to February 14, 2025, SK Investment Vina II is expected to sell over 50 million VIC shares to reorganize its portfolio. Since investing about $1 billion in 2019, SK has become Vingroup’s strategic partner. Meanwhile, SK has completely divested from Masan Group (MSN), which it previously held 9.2% of at the end of 2023, investing $470 million. Nevertheless, SK still maintains stakes in some companies within the Masan ecosystem, specifically 8.6% in VCM Trade and Service Development Joint Stock Company and 4.9% in The CrownX.
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