SK Energy to sell $2.4 billion stake in Brazil unit

SEOUL (BestGrowthStock) – South Korea’s largest crude oil refiner SK Energy Co Ltd (096770.KS: ) said on Thursday it would sell a 2.7 trillion won stake in SK do Brasil Ltd, a subsidiary in Brazil.

A.P. Moller-Maersk A/S (MAERSKb.CO: ) said earlier on Thursday that its Maersk Oil unit would buy Brazilian oil assets for $2.4 billion under agreement with SK Energy.

(Reporting by Cho Mee-young; Editing by Chris Lewis)

SK Energy to sell $2.4 billion stake in Brazil unit