IMM and Stick-Korea Bid for SK Group Stakes in Ulsan Power Companies
DATA AND AI INFRASTRUCTURE
IMM Investment and the Stick Alternative Asset Management-Korea Investment PE consortium have submitted bids for minority stakes in SK Multi Utilities and Ulsan GPS as part of SK Group's sale, which includes up to 49% of shares valued at 2 trillion won. KKR also participated, seeking additional stakes in the Ulsan AI Data Center. All bidders reportedly offered prices exceeding 1 trillion won despite the absence of downside protection for investors.
Jan 15, 2026, 6:07 AM
