KB Balhae Infrastructure Consortium and IMM Investment to acquire a 49.9% stake in Boryeong LNG Terminal from SK Innovation for KRW559bn.

KB Balhae Infrastructure Consortium, an infrastructure investment fund, and IMM Investment, an alternative asset investment firm, agreed to acquire a 49.9% stake in Boryeong LNG Terminal, a private midstream LNG terminal, from SK Innovation, an intermediate holding company of SK Group engaged in petroleum, alternative energy and oil exploration, for KRW559bn.