BlueOval SK Disposes Kentucky Plant Assets Worth 6.1 Trillion Won, Paid via Ford's Capital Reduction
BlueOval SK decided to dispose of tangible assets (land and buildings) of its Kentucky plant to Ford Motor Company or its affiliates, with a disposal amount of 6,125,593,204,519 KRW (approx. 4.17 billion USD), representing 5.54% of SK Innovation's consolidated total assets.
Consideration is paid via a paid-in capital reduction of Ford's 50% stake in BlueOval SK, reducing Ford's ownership and increasing SK Innovation's relative stake.
Purpose is asset efficiency and operational flexibility; disposal date is May 21, 2026, board resolution date is December 10, 2025.
Transaction is at book value with no cash inflow/outflow; final amount may be adjusted after closing.
KOSPI Filing Information
Filing: [Correction of Description] Decision on Disposal of Tangible Assets (Major Management Matters of Subsidiaries)