이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
SK Networks decides to hand over LPG filling business to SK Gas
- Collected
- 2017.03.03
- Distributed
- 2017.03.06
- Source
- Go Direct
SK Networks said in a regulatory filing Thursday its board okayed the transfer of LPG business and filling station assets to SK Gas for 310.2 billion won ($272 million). Under the transaction, SK Networks will sell its 49 filling stations to Korean private equity firm PineStreet Asset Management Co., while SK Gas will lease the stations from the PEF.
The decision comes after a conclusion that the asset realignment would boost business relevance in SK Gas. SK Networks runs gas pump stations for SK Energy but its LPG filling business has little to do with its current business structure. SK Networks’ LPG filling business posted 210 billion won sales last year, which accounts for a mere 1.1 percent of its total revenue.
SK Networks is a subsidiary of SK Holdings Co. whose largest shareholder is SK Group chairman Chey Tae-won. SK Gas is a subsidiary of SK Chemicals Co. whose vice chairman and largest shareholder is Chey Chang-won, who is a cousin of Chey Tae-won and a younger brother of Chey Shin-won, chairman of SK Networks. Given this relationship, the asset transfer between the two companies had been mentioned as a probable option.
By Kang Young-woon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]