SK Innovation Acquires 100% Stake in CoIL BESS for 129 Billion Won

According to Yonhapinfomax, SK Innovation [096770] acquired a 100% stake in CoIL BESS Ltd., a company specializing in energy storage systems (ESS), on July 22. The total transaction value was 1.29 billion won, comprising 658 million won in equity purchase and 632 million won in debt assumption. CoIL BESS will be incorporated as a subsidiary, bringing SK Innovation's total subsidiaries to 30 from 29.
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