Kepco sells down LG U+ stake in $190m block trade

Korea Electric Power Corp (Kepco) has raised W211.2bn ($190m) by exiting LG U+, selling its remaining 4.4% stake in the telecommunications company via a block trade on December 8. The deal, widely expected by investors, comes four months after the South Korean conglomerate halved its holding through another transaction that drew a good response from the market.