S-Oil Acquires 8.2 Billion KRW Worth of FCI Shares
[Asia Economy Reporter Lee Seon-ae] S-Oil (S-OIL) announced on the 8th that it will acquire 812,299 shares of FCI, a fuel cell and related power generation system development and manufacturing company, for approximately 8.2 billion KRW.
After acquiring the shares, S-Oil's stake in FCI will be 21.1%.
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The company explained that this equity investment is aimed at securing capabilities in hydrogen-related businesses and entering the hydrogen fuel cell industry.
This content was produced with the assistance of AI translation services.
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