LG Chem to Reduce Stake in LG Energy Solution—Palliser Urges Clarity on Timeline and Execution
LG Chem’s plan to cut its LG Energy Solution stake to 70% faces calls from Palliser Capital for concrete timelines and execution details, as markets react to a lack of specifics.
LG Chem announced plans to reduce its stake in LG Energy Solution from 79.4% to 70%, triggering a 6.6% plunge in LG Energy Solution shares and outpacing declines in rival battery stocks.
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LG Chem to Reduce Stake in LG Energy Solution—LG Energy Solution Shares Plunge 6.6%
LG Chem announced plans to reduce its stake in LG Energy Solution from 79.4% to 70%, triggering a 6.6% plunge in LG Energy Solution shares and outpacing declines in rival battery stocks.
LG Chem to Reduce Stake in LG Energy Solution to 70%
LG Chem will reduce its stake in LG Energy Solution to 70%, aiming for balanced capital allocation and expanded growth drivers, with plans to boost shareholder returns.
LG Chem to Sell 2 Trillion Won Worth of LG Energy Solution Shares—Signs PRS Contract
LG Chem Ltd. announced plans to sell 2 trillion won ($1.47 billion) worth of LG Energy Solution shares via a three-year PRS contract, reducing its stake from 81.8% to 79.4%.
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