Economy · Planned · 3 sources combined
SK to acquire SK Ecoplanet
Make it wholly-owned subsidiary
D-16 Deadline November 24 · Tender offer application deadline
In short
SK Inc. will buy SK Ecoplanet shares to make it a wholly-owned subsidiary.
The tender offer price is 88,000 won per share, 53% above market price.
The company will secure 100% ownership without listing to simplify its governance structure.
Key facts
| When | Tender offer will run from November 5 to 24. |
|---|---|
| Who | SK Inc., the holding company of SK Group, will buy shares of subsidiary SK Ecoplanet. |
| What | It will buy approximately 16.43 million shares (about 25% of issued shares) at 88,000 won per share. |
| How | Plan to acquire 100% ownership through cash purchase followed by stock swap. |
What it means for me
General readers will have limited direct impact, but can note SK Group's corporate structure reorganization trend.
