South Korean gas supplier SK E&S Company has merged with its power generation affiliate K-Power to improve its LNG business.
Under the agreement, parent company SK Holdings now holds 84.13% of SK E&S, whilst IT arm SK C&C has the remainder.
“SK E&S will drive future growth of the group by bolstering vertical integration of the LNG value chain,” said SK Group senior vice chairman Chey Jae-won.
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