ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MQG Macquarie Group Limited

191.12
0.44 (0.23%)
21 Feb 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Macquarie Group Limited ASX:MQG Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.44 0.23% 191.12 190.57 191.46 193.71 189.51 189.51 694,850 07:50:01

EQT Buys Majority Stake in South Korean Security Provider SK Shieldus

03/03/2023 11:22am

Dow Jones News


Macquarie (ASX:MQG)
Historical Stock Chart


From Feb 2023 to Feb 2024

Click Here for more Macquarie Charts.

By Dominic Chopping

 

STOCKHOLM--Swedish private-equity firm EQT AB said Friday it has agreed to acquire a majority stake in South Korean security provider SK Shieldus Co Ltd from SK Square Co. Ltd. and Macquarie Asset Management's infrastructure business.

SK Shieldus provides central monitoring and dispatch services, cyber security consulting and monitoring services, with the company acting as a de facto extension of Korean public police and security services, EQT said.

Following closing, EQT will own 68% in SK Shieldus while SK Square will hold the remaining 32%.

EQT said that with the acquisition it aims to enable more tailored and digitized security service offerings and decarbonize the company's vehicle fleet in favor of increased electrification.

A new board of directors will be put in place, combining EQT's industrial advisors and Korean business leaders, it added.

The deal is expected to close in the third quarter of 2023, subject to conditions and approvals.

With this transaction, EQT Infrastructure VI is expected to be 5% to 10% invested.

Financial terms weren't disclosed.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

March 03, 2023 06:07 ET (11:07 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Macquarie Chart

1 Year Macquarie Chart

1 Month Macquarie Chart

1 Month Macquarie Chart

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com