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[Alpha Biz=(Chicago) Reporter Kim Jisun] The government has begun to sell its stake in Nexon Group in earnest.
The value of the government's stake, which became the second-largest shareholder of Nexon Group earlier this year, is 4.7 trillion won.
According to related ministries on the 12th, the Korea Asset Management Corporation (KAMCO) began evaluating the value of unlisted shares of NXC, Nexon's holding company, last month. The value assessment will be carried out by an external accounting firm commissioned by KAMCO.
KAMCO is said to have recently selected some accounting firms as bidders. A government official explained, "We are in the process of selling our stake (NXC)."
KAMCO is working on the valuation of NXC unlisted stocks to shake off its stake held by the government.
The value of the NXC stake in the Ministry of Economy and Finance is at least 4.7 trillion won. The National Tax Service assessed the inheritance tax in the process of paying NXC shares. 852,190 shares of NXC were valued at about 3.9 trillion won, and the final appraised value was estimated at 4.7 trillion won with a 20% premium on the amount. The 20% premium is usually considered to be in the largest shareholder's stock, the 'management premium'.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
