Goldman Sachs and SK Corp. announced on Jan. 13 plans to invest jointly in an eco-friendly cold chain logistics center in South Korea.
Global investment banking group Goldman Sachs and SK Group’s holding company, which specializes in investment, said they would invest 50 billion won ($43 million) in Belstar Superfreeze, a developer and operator of cold chain logistics centers utilizing liquefied natural gas cold energy. In the initial tranche of funding, Goldman Sachs and SK Corp. will each invest 25 billion won. Each has the option to invest an additional 12.5 billion won within one year.