South Korea's SK Innovation agrees merger with SK E&S, Yonhap says

SK

17/07/2024 08:58

SEOUL, July 17 (Reuters) - South Korea's SK Innovation
 096770.KS , parent of the country's largest oil refiner and
battery maker SK On, plans to merge with energy affiliate SK E&S
as the nation's No. 2 conglomerate undertakes a major overhaul
to boost profitability, the Yonhap news agency reported on
Wednesday. 
    The companies did not have an immediate comment. 

 (Reporting by Joyce Lee, Editing by Louise Heavens)
 ((joyce.lee@tr.com;))