SK Innovation to Absorb Battery Separator Unit SKIET
SK Innovation will absorb its battery separator subsidiary SK IE Technology, bringing the struggling business back under direct control. Its board and SKIET shareholders approved the merger to stabilize finances, streamline operations and improve long-term competitiveness. SKIET shareholders will receive 0.117454 SK Innovation shares each, with approvals due Nov. 24; the merger takes effect Jan. 1, 2027.