Friday, August 16th, 2013
SK Lubricants, a company 100-percent owned by SK Innovation and specializing in the manufacture and distribution of base and lubricant oils, has been preparing for an IPO since last year after selecting Samsung Securities and Korea Investment & Securities as underwriters. Estimated at more than 1 trillion won in subscription volume, it was considered one of the biggest deals for the year.
An SK Innovation official said, "The business of SK Lubricants has been slower than expected due to the global economic slowdown. We will keep watching the market conditions for IPO timing," suggesting that the company has not given up the hope of listing SK Lubricants shares.