KDBC Paratus Private Investment Firm 2 agreed to acquire 47% stake in LS EV Korea from LS Corp. (KOSE:A006260) for KRW 22.8 billion on December 22, 2017. KDBC Paratus Private Investment Firm 2 will acquire 4.7 million shares of LS EV Korea for KRW 4860 each. Upon completion, LS Corp will continue to hold 5.3 million shares accounting for 53% stake in LS EV Korea. The transaction is resolved by the Board of LS Corp on December 22, 2017 and is expected to complete on December 29, 2017. The sale of stake will help in securing liquidity for investment for LS Corp.

KDBC Paratus Private Investment Firm 2 completed the acquisition of 47% stake in LS EV Korea from LS Corp. (KOSE:A006260) on December 29, 2017.