SKorea's SK Innovation and SK E&S to pursue merger

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 16 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 92%

Skorea's Nouvelles

SK,Innovation,And

Shares in SK Innovation rose more than 10 percent on Thursday morning.

SEOUL ― South Korea's SK Innovation, parent of the country's largest oil refiner and battery maker SK On, is expected to pursue a merger with energy affiliate SK E&S, resulting in a 106 trillion won asset company, a South Korean newspaper reported on Thursday.

The merger, which company executives are expected to decide on in late June pending shareholder approval, is partly to shore up loss-making battery maker SK On by combining with a profitable company that has a stronger balance sheet, newspaper Chosun Ilbo reported, citing unnamed industry sources.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités