SKC to Sell PET Film Biz to Private Equity Fund for 1.6 tln Won

SEOUL, June 8 (Korea Bizwire) — SKC Co. said Wednesday it is selling its polyester (PET) film business to a private equity fund for 1.6 trillion won (US$1.27 billion) as it seeks to bolster its drive for battery materials and other eco-friendly sectors. SKC said it signed the stock purchase agreement with Hahn & Company, [...]