LG Chem, Ltd. agreed to acquire an additional 30% stake in LG Toray Hungary Battery Separator Korlatolt Felelossegu Tarsasag from Toray Industries, Inc. for ¥30 billion.
LG Chem, Ltd. (KOSE:A051910) agreed to acquire an additional 30% stake in LG Toray Hungary Battery Separator Korlatolt Felelossegu Tarsasag from Toray Industries, Inc. (TSE:3402) for ¥30 billion on September 30, 2025. A cash consideration of ¥30 billion will be paid by LG Chem, Ltd. As part of consideration, ¥30 billion is paid towards common equity of LG Toray Hungary Battery Separator Korlatolt Felelossegu Tarsasag. Toray originally held 50% of LG Toray Hungary Battery Separator Korlatolt Felelossegu Tarsasag. It agreed to sell a 20% portion to LG Chem after June 30 this year. LG Chem assumed primary responsibility for management and operations. Upon completion, LG Chem, Ltd. will own 100% stake in LG Toray Hungary Battery Separator Korlatolt Felelossegu Tarsasag.
The agreement is scheduled to be signed on October 1, 2025. The completion of the transaction is contingent upon certain conditions, including relevant regulatory approvals.
The expected completion of the transaction is December 2025.
LG Chem Ltd is a Korea-based company principally engaged in the manufacture of petrochemical materials. The Company operates its business through five segments. The Petrochemistry Business segment is mainly engaged in the manufacture of basic materials which are mainly used for petrochemical industry, and the products include polyvinyl chloride (PVC) resins, low-density polyethylene (LDPE), poly styrene (PS), and acrylonitrile butadiene styrene (ABS). The LG Energy Solution Business segment mainly engages in the manufacture of rechargeable batteries for mobile phone, automobile and storage batteries. The Advanced Materials Business segment mainly manufactures optical materials for manufacturing polarizers, and electronic materials including liquid crystal display (LCD) materials and cathode materials. The Life Science Business segment engages in the bio pharmaceutical business. The Common and Other segment manufactures and sells crop protection agents, fertilizers and seeds.
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LG Chem, Ltd. agreed to acquire an additional 30% stake in LG Toray Hungary Battery Separator Korlatolt Felelossegu Tarsasag from Toray Industries, Inc. for ¥30 billion.
