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HD Hyundai Oilbank Increases Stake in H&L Advanced for 600 Billion Won

Energy Minerals · Oil Refining/Marketing · yonhap_finance · 2026-09-10

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HD Hyundai Oilbank is set to acquire an additional 12 million shares of H&L Advanced for 600 billion won, raising its ownership stake to 50%.

What Happened

Stake Acquisition: HD Hyundai announced that its subsidiary, HD Hyundai Oilbank, will acquire 12 million shares of H&L Advanced for 600 billion won. This transaction will bring HD Hyundai Oilbank's total stake in the company to 50%.

Strategic Purpose: The company stated that the acquisition is intended to support structural innovation within the organization. This move is part of a broader agreement aimed at strengthening the group's operational framework.

Timeline: The acquisition is scheduled to be completed by the 28th of this month. The information was processed based on regulatory filings provided by Yonhap Infomax.

Business Context: H&L Advanced operates as a petrochemical affiliate under the HD Hyundai Oilbank umbrella. This capital injection underscores the group's commitment to consolidating its petrochemical business interests.

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