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3 years ago
S.Korea's KEPCO offers remaining stake in LG Uplus for $190 mln-terms
December 8, 2014 / 7:38 AM / 3 years ago

S.Korea's KEPCO offers remaining stake in LG Uplus for $190 mln-terms

HONG KONG, Dec 8 (Reuters) - Korea Electric Power Corp (KEPCO) launched on Monday a selldown worth about $190 million in telecom company LG Uplus Corp, according to a term sheet of the deal seen by Reuters.

KEPCO offered its entire remaining 4.4 percent stake in LG Uplus in an indicative range of 10,800-11,000 won per share, equivalent to a discount of up to 4 percent to Monday's close, the terms showed.

The sale would follow on another similar-sized selldown KEPCO did in August, when it raised $180 million by selling a 4.4 percent stake in LG Uplus. (Reporting by Elzio Barreto; Editing by Sunil Nair)

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