[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Trading International, a 100% subsidiary of SK Innovation, has invested in Daekyung O&T, the largest waste resource-based raw material company in Korea, and has entered the 'bio aviation oil' business in earnest.

SK Trading International announced on the 18th that it formed a consortium with KDB Industrial Bank and Eugene Private Equity (PE) to sign a contract to acquire Daekyung O&T on the 16th.

The three companies will establish a special purpose company (SPC) to acquire a 100% stake in Daekyung O&T. SK Trading International invests 104 billion won to secure a 40% stake in SPC, while KDB Industrial Bank and Eugene PE hold the remaining 60%.

 

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