SK Gas Co., Ltd. (KOSE:A018670) agreed to acquire an additional 11.13% stake in Dongbu Power Corporation from The Korea Development Bank for KRW 16.6 billion on December 11, 2025. A cash consideration of KRW 16.56 billion valued at KRW 9999 per share will be paid by SK Gas Co., Ltd. As part of consideration, KRW 16.56 billion is paid towards common equity of Dongbu Power Corporation. Upon completion, SK Gas Co., Ltd. will hold 66% stake in Dongbu Power Corporation. In a related transaction, SK Gas Co., Ltd. is acquiring stake in Ulsan GPS Corporation.
The expected completion of the transaction is December 24, 2025.
SK Gas Co., Ltd. (KOSE:A018670) completed the acquisition of an additional 11.13% stake in Dongbu Power Corporation from The Korea Development Bank on December 24, 2025.
SK Gas Ltd is a Korea-based company principally engaged in the import and sale of liquefied petroleum gas (LPG). The Company is principally engaged in the import and sale of LPG for transport, petrochemical, industrial, household and commercial purposes. In addition, the Company is also engaged in the gas consignment storage businesses.
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