SK picks Hahn & Company as preferred bidder to buy semiconductor gases supplier SK Specialty

South Korea’s SK Inc said on Monday that it has picked private equity group Hahn & Company as the preferred bidder to buy its unit SK Specialty which produces gases used to make semiconductors.

SK said it plans to sign a deal with Hahn & Company after negotiating contract terms in a regulatory filing addressing a report on the planned sale to the Seoul-based private equity company.

The Seoul Economic Daily reported that Hahn & Company would acquire SK Specialty for 4.3 trillion won ($3.29 billion), which would be the biggest deal in South Korea this year, citing investment bank sources.

SK Specialty, a gas and chemical company, supplies key materials used in semiconductors, display panels and solar cells.