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[Alpha Biz=(Chicago) Reporter Kim Jisun] A plan is being pursued to jointly sell shares in YTN, a news broadcaster, held by KEPCO KDN and the Korea Racing Authority.
KEPCO KDN, a subsidiary of Korea Electric Power Corp., said in a public announcement posted on the electronic disclosure system of the Financial Supervisory Service on the 5th that it has signed an agreement with the Korea Racing Authority to jointly sell YTN shares.
Currently, KEPCO KDN and the Korea Racing Authority hold 21.43% and 9.52% of YTN shares, respectively. The combined shares of the two companies are 30.95%.
In November last year, the government approved an asset efficiency plan to sell all of its YTN stakes held by KEPCO KDN and the Korea Racing Authority, respectively.
The 30.95% stake in YTN held by these public corporations will be on the market for the first time in 26 years.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
