SK Gas acquires an affiliate of beleaguered Dongbu Group
Published: 30 Oct. 2014, 23:49
Dongbu Power Dangjin Corporation, an affiliate of steelmaker Dongbu Group that is undergoing due to financial problems, has been sold to SK Gas. SK said yesterday it acquired a 60 percent stake in Dongbu Power for 201 billion won ($190.5 million) in a move toward entering the coal power plant business.
with the Korea JoongAng Daily
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