At a glance
- The stake belongs to the Dell family's investment fund, not Dell Technologies, an AI server and data center hardware supplier with ties to SK Hynix.
- Reuters reported the sale on Oct. 14, when SK Inc described the buyer only as a strategic investor.
- For institutions holding SK Inc, an informal agreement between Chey and the buyers to vote the shares alike would require reporting the stakes as joint holdings, the Korea Corporate Governance Forum said.
DFO Public Investments, a fund affiliated with Michael Dell's family office DFO Management, agreed to buy 972,493 SK Inc shares, a 1.34% stake, for 544 billion won (about $406 million), Family Office Hub reported. The seller is SK Group chairman Chey Tae-won, and the block is part of a 2.26% stake sale worth 944 billion won.
The stake belongs to the Dell family's investment fund, not Dell Technologies, an AI server and data center hardware supplier with ties to SK Hynix. Reuters reported the sale on Oct. 14, when SK Inc described the buyer only as a strategic investor. A filing now names the Dell-linked fund. SK Inc is the holding company for SK Group, whose holdings include memory chipmaker SK Hynix. Reuters said the sale is meant to fund a divorce settlement Chey owes his former wife.
For institutions holding SK Inc, an informal agreement between Chey and the buyers to vote the shares alike would require reporting the stakes as joint holdings, the Korea Corporate Governance Forum said. The stake was DFO Public Investments' second disclosed deal in nine days, as Private Wealth Daily previously reported.
Reported by the Direct & Co-Investments desk from Family Office Hub. Published . Corrections