SK Discovery Co., Ltd. (KOSE:A006120) made an offer to acquire additional 5% stake in SK Gas Co., Ltd. (KOSE:A018670) for KRW 50.3 billion on March 17, 2021. SK Discovery Co., Ltd. will acquire 461512 share at KRW 109000 per share. Currently SK Discovery Co., Ltd. holds 67.2% stake and post offer will hold 72.2% stake in SK Gas Co., Ltd. Transaction will be self funded by SK Discovery Co., Ltd. Tender offer period is from March 17, 2021 to April 05, 2021.

Korea Investment & Securities Co., Ltd. acted as manager to offer.