SK Lubricants acquires 49% stake in Vietnam's Mekong Petrochem

SK Lubricants acquires 49% stake in Vietnam's Mekong Petrochem

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

SK Lubricants, a subsidiary of South Korea’s SK Innovation, has acquired a 49 per cent stake in Mekong Petrochemical JSC (Mekong Petrochem) for 50 billion won ($42.1 million).

The deal, which marks the SK Lubricants’ first overseas investment, is also part of its plan to expand in the Southeast Asia region.

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