SK E&S Co., Ltd. made an offer to acquire remaining 55.89% stake in Busan City Gas Co., Ltd. (KOSE:A015350) for approximately KRW 210 billion in cash on November 20, 2013. SK E&S Co., Ltd. will acquire 5.6 million shares of Busan City Gas at KRW 37,500 won a share. The offer will close on December 9, 2013. Following the completion of the deal, the shares of Busan City Gas Co will be delisted.

SK E&S Co., Ltd. completed the acquisition of an additional 29.99% stake in Busan City Gas Co., Ltd. (KOSE:A015350) for approximately KRW 110 billion on December 9, 2013. As on December 9, 2013, SK E&S acquired 3.01 million shares of Busan City and now holds 73.89% stake in Busan City.