'SK Inno-E&S Merger' Discussions to be Held in Consecutive Board Meetings

As SK Group pushes forward with the merger of SK Innovation and SK E&S, SK Inc., the largest shareholder of both companies, is also set to hold a board meeting to accelerate the launch of a mega energy company.

According to industry sources on the 15th, SK Inc. is expected to hold an extraordinary board meeting on the afternoon of the 18th. At this meeting, the results of the merger discussions from the SK Innovation and SK E&S board meetings scheduled for the previous day (the 17th) will likely be reviewed.

SK REITs (SK Entrusted Management Real Estate Investment Company) will enter the KOSPI market next month. Photo of SK Group headquarters, SK Seorin Building in Jongno-gu, on the 18th. Photo by Mun Honam munonam@

As part of its business restructuring (rebalancing), SK Group is promoting the merger of SK Innovation, an intermediate energy holding company, and SK E&S, an unlisted company.

As of the end of March, SK Inc. is the largest shareholder, holding 36.22% of SK Innovation and 90.0% of SK E&S.

Additionally, the board will discuss the agenda to incorporate SK Materials Airplus, a subsidiary of SK Inc., into SK Ecoplant as a subsidiary. SK Ecoplant is also expected to hold a board meeting on the same day to discuss the subsidiary incorporation agenda.

SK Materials Airplus is a company that manufactures industrial gases and supplies them to group affiliates such as SK Hynix and SK Energy, and it is a 100% subsidiary of SK Inc.

However, SK Inc. stated that it "cannot confirm (the date of the board meeting, etc.)."