SK Holdings to acquire 35 pct stake in KP Power

By Nam Kwang-sik
SEOUL, Feb. 16 (Yonhap) -- South Korea's SK Holdings Co. said Tuesday that it has
decided to buy a 35 percent stake in its power unit KP Power for 372 billion won
(US$322.4 million) from BP Plc, a British energy firm.

The stake purchase gives the holding company a 100 percent stake in its power
unit, SK Holdings said in a statement.
SK Holdings' board of directors also decided to add a property business to the
company's portfolio in order to build a housing complex and a port on an island
off the western coastal city of Ansan, 42 kilometers west of Seoul, SK Holdings
said.
ksnam@yna.co.kr
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