LG Chem Sells $1.87 Billion LG Energy Solution Stake, Launches $224 Million Buyback
Updated
Updated · koreajoongangdaily.com · Oct 28
LG Chem Sells $1.87 Billion LG Energy Solution Stake, Launches $224 Million Buyback
3 articles · Updated · koreajoongangdaily.com · Oct 28
Summary
LG Chem will sell 2.5 trillion won ($1.87 billion) worth of LG Energy Solution shares and separately start a 300 billion won share buyback.
The chemical maker said the move will reduce its holding in the battery unit while boosting shareholder value through the repurchase plan.
The transaction marks a capital-allocation shift by one of South Korea’s largest chemicals groups, pairing stake monetization with a direct return of cash to investors.