KISS Prime First Co., Ltd, KISS Prime Second Co., Ltd, Cube Solution First Co., Ltd, S Solution 1st Co., Ltd., SYA First Co., Ltd, Korea Investment & Securities Co., Ltd., NH Investment & Securities Co., Ltd. and New Star El Chem First Co., Ltd agreed to acquire 2.46% stake in LG Energy Solution, Ltd. from LG Chem, Ltd. for KRW 2.0 trillion.
KISS Prime First Co., Ltd, KISS Prime Second Co., Ltd, Cube Solution First Co., Ltd, S Solution 1st Co., Ltd., SYA First Co., Ltd, Korea Investment & Securities Co., Ltd., NH Investment & Securities Co., Ltd. (KOSE:A005940) and New Star El Chem First Co., Ltd agreed to acquire 2.46% stake in LG Energy Solution, Ltd. (KOSE:A373220) from LG Chem, Ltd. (KOSE:A051910) for KRW 2.0 trillion on October 1, 2025. A cash consideration valued at KRW 347500 per share will be paid by buyer's.
The expected completion of the transaction is November 3, 2025.
LG Energy Solution Ltd is a Korea-based company primarily engaged in the manufacturing of batteries. The Company conducts business in the research, development, manufacturing and sales of battery-related products applied to electric vehicle (EV), energy storage system (ESS), Information technology (IT) devices, power tools and light electric vehicle (LEV). In addition, the Company's main products include EV batteries, ESS batteries and small application batteries.
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KISS Prime First Co., Ltd, KISS Prime Second Co., Ltd, Cube Solution First Co., Ltd, S Solution 1st Co., Ltd., SYA First Co., Ltd, Korea Investment & Securities Co., Ltd., NH Investment & Securities Co., Ltd. and New Star El Chem First Co., Ltd agreed to acquire 2.46% stake in LG Energy Solution, Ltd. from LG Chem, Ltd. for KRW 2.0 trillion.