Korean Fund Seeks Stake in US Pipeline Firm: Report

South Korea's state-run pension fund announced Monday it may acquire a stake in a U.S. oil pipeline operator held by energy giant Chevron,according to a Dow Jones report.

South Korea's National Pension Service said it is seeking the 23.44 percent share of Colonial Pipeline to diversify and expand its energy assets, particularly in North America.

A Chevron spokesman declined to comment on the potential buyers for the deal, estimated at $845 million.