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SK On raises $944 mil. in pre-IPO funding

Korean battery maker SK On Co. has secured $944 million from investors in a round of funding in preparation for an initial public offering (IPO), its parent company said Wednesday. The board of SK Innovation Co. approved the equity investment agreement it and SK On signed with a consortium of financial investors, led by private equity fund MBK Partners, under which the battery maker will receive $800 million in funding, SK Innovation said. ....

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