SK Ecoplant Co., a South Korean construction engineering and waste management company, is set to merge a profit-making technology subsidiary of the parent SK Group as the countrys second-largest conglomerate is seeking to streamline its business to focus on promising growth sectors.
The restructuring, along with SK Ecoplants merger with SK Materials Airplus Inc., the groups other profitable unit, is expected to accelerate the builders initial public offering, industry sources said on Tuesday.
SK Inc., the groups holding company, and SK Ecoplant plans to discuss the construction units takeover of the consumer memory and storage maker Essencore Ltd. of SK S.E.Asia Pte., Singapore-based special p…
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