PwC performed financial due diligence on SK Networks Co., Ltd's gas station business unit.

PwC Korea Deal 4 team is pleased to announce the sale of gas station business units in SK Networks Co., Ltd.

SK Networks Co., Ltd, a general trading company affiliated with SK Group, trades general merchandise, such as oil, petrochemical, and information technology equipment. SK Group (SK Energy, SK Networks) has 3,389 gas stations as of 2019, and among them, SK Networks Co., Ltd. operates 306 gas stations directly.

Hyundai Oilbank Co., Ltd. and Koramco REITS Management and Trust Co., Ltd. have acquired the business unit of SK Networks Co., Ltd. Hyundai Oilbank Co., Ltd also becomes the second-biggest oil station following SK Energy Co., Ltd.

The PwC Korea Deal 4 team, led by Jin-Won Lee and Soo Bin Rhee, provided financial due diligence and successfully closed the transaction.