The Budapest office of Kinstellar has advised SK innovation on its acquisition of land in Ivancsa, Hungary, for its new automotive battery factory.
According to Kinstellar, “SK innovation is the third largest company in South Korea, operator of the largest oil refinery in the country, leader in the domestic petrochemical industry, and a global trader of crude oils and petrochemicals. This will be the company's largest European factory unit, [consisting of] a new e-battery plant with a capacity of 30GWh and entailing a total investment value of USD 2.29 billion, [making it] the largest greenfield investment in Hungary’s history.”
Kinstellar’s team was led by Partner Anthony O’Connor and Associate Barnabas Sagi.
Kinstellar did not reply to our inquiry on the matter.