SK Innovation to spin off battery business and E&P business
Green Car Congress
AUGUST 5, 2021
SK Innovation has decided to spin off its battery production and exploration & production (E&P) business as independent companies. SK Innovation will be a holding company that plays the role of the “Green Portfolio Designer & Developer” and puts greater emphasis on the improvement of the enterprise value. The upcoming spin-off of two businesses will take place in the form of simple division and split-off, wherein SK Innovation will own the entire issued stocks of the new companies.
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