LG Chem to sell 2.5 tln-won stake in battery unit to boost shareholder value

LG Chem will sell 2.5 trillion won ($1.87 billion) in shares of its battery unit, LG Energy Solution, reducing its stake to 76.59% from 79.38%. The sale aims to enhance shareholder value and fund future growth. The company also plans a 300 billion won share buyback and 100 billion won in dividends.