SK Group sells specialty gas producer SK Specialty for W2.7 tril.

SK Group headquarters in Seoul / Korea Times file

Major conglomerate SK Group said Monday it has agreed to sell a specialty gas producer for 2.7 trillion won ($1.86 billion) in its latest efforts to realign its business portfolio.

SK Corp., the holding company of SK Group, said its board of directors approved a deal to sell an 85 percent stake in SK Specialty to private equity fund Hahn & Co.

SK Specialty, formerly known as SK Materials, produces chipmaking-related specialty gas, such as etching gas.

SK Specialty provides specialty gases to SK hynix and other chipmakers. (Yonhap)