South Korean LG Chem plans stake sale in battery unit LG Energy Solution worth $1.89 bn
South Korea's LG Chem said it will sell shares worth 2.5 trillion won, about $1.89 billion, in LG Energy Solution to strengthen its finances.
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what happened
According to Reuters, LG Chem said on Wednesday that it plans to offload shares in its battery affiliate LG Energy Solution valued at 2.5 trillion won, or $1.89 billion. The company says the move is aimed at strengthening its financial position and raising value for shareholders.
The conversion used was about 1,326 won per dollar.
why it matters
The size of the sale matters for the battery stock: a block of this scale adds supply of LG Energy Solution shares, which can weigh on their price. For LG Chem, the proceeds are meant to shore up its balance sheet.
market impact
LG Energy Solution: large block sale adds share supply, pressure on the stock price
- LG Energy Solution shares pressure down — a block sale worth $1.89 billion adds supply of shares to the market
tags
instruments
sources
- LG Chem to sell about $1.89 billion of LG Energy Solution shares to improve finances — Reuters, 28 October 2026 at 06:50 UTC
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