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.
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Disposal of Tangible Assets (Major Management Matters of Subsidiaries)
- Company: SK Innovation (096770)
- Submission: SK Innovation Co., Ltd.
- Receipt: 05-21-2026
- Under KRX KOSPI Market Division