SK Innovation CEO says considering spin off and potential IPO of battery business

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SK Innovation Co Ltd (096770.KS) Chief Executive Officer Kim Jun said on Thursday the South Korean company is considering a spin off and a potential listing of its battery business as it also announced plans to boost battery production.

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-JiNews of possible spin off drives shares to three-week lowsChief Executive Officer Kim Jun said on Thursday the South Korean company is considering a spin off and a potential listing of its battery business as it also announced plans to boost battery production.

Asked about a possible initial public offering of its battery business, Kim said: "If there is an opportunity, we will review whether to list only on Nasdaq or dual listing as our options."

 

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