In today’s briefing:
- Digging into Chosun Ilbo’s Report on SK Group’s SK Innovation & SK E&S Merger Plans
Digging into Chosun Ilbo’s Report on SK Group’s SK Innovation & SK E&S Merger Plans
- SK Group plans to merge SK Innovation and 90%-owned SK E&S by month-end. Chosun Ilbo’s report solidifies market confidence due to its credibility and likely intentional leak by SK Group.
- Initially considered but deemed lower priority than SK IE Technology sale; SK Group opts for this alternative due to challenging market conditions for SKITE sale.
- SK Innovation and SKIET rise with hopes of resolving liquidity issues and avoiding sacrifice. SK Inc is negatively impacted by concerns over valuation double counting from this merger.
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