Hahn & Company acquires 31.27% of SK D&D for KRW 74.2bn
- Deal value
- $51m
- Stake
- 31.27%
- Implied 100%
- $164m
- Revenue
- $307m
- Op. income
- $26m
- Multiples
- EQV/EBIT 6.3xPSR 0.5x
Deal value ÷ stake (structure unconfirmed)
2025 연결 · DART-verified
2025 연결 · DART-verified
On implied equity value
DART 20260317000411
- Target
- SK D&D · Real estate development
- Buyer
- Hahn & Company · FI
- Seller
- SK Discovery and minority shareholders (tender offer)
- Structure
- —
- Announced
- Oct 1, 2025
- Closed
- Aug 11, 2026
- Stage
- Closed
Target
Listed real estate developer operating the residential brand 'Episode'; its renewable energy and ESS business was spun off as SK Eternix in March 2024 (Herald Economy, G-Economy).
Deal rationale
Per KED Global, SK Discovery sold its entire 31.3% stake (held 50:50 with Hahn & Co since 2018) at KRW 12,750 per share (KRW 74.2bn) as part of shedding non-core assets to focus on green materials, energy and biotech. Hahn & Co said delisting SK D&D via a tender offer for the remaining 37.4% at the same price would maximize long-term corporate value (KED Global, Herald Economy). Per Aju Economy, after two tender offers Hahn's stake reached only the 77% range and the delisting did not proceed.
| Revenue | $307m |
| Operating income | $26m |
| EBITDA | — |
| Net income | — |
2025 연결 · DART-verified · 20260317000411
Press coverage
- 딜사이트 (2025-10-01): “매매대금은 742억원 규모다.”
- 헤럴드경제 (2025-10-03): “이번에 한앤코는 SK디스커버리가 소유 중인 지분 역시 공개매수가와 동일하게 사들인다.”
- KED Global (2025-10-01): “transfer 5.82 million shares at 12,750 won each to Hahn & Co.”
- 지이코노미 (2025-10-07): “SK디앤디 보통주 582만1751주, 지분율 31.3%… 742억 원, 주당 1만2750원”
- 아주경제 (2026-08-06): “상폐 무산 뒤 240% 유증”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.