SK Innovation shareholders approve merger with energy affiliate

SK Innovation shareholders approve merger with energy affiliate

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/Files

South Korea’s SK Innovation, parent of the country’s largest oil refiner and battery maker SK On, said on Tuesday that shareholders had approved a merger with energy affiliate SK E&S as part of a major restructuring of the conglomerate.