LS EV KOREA Ltd agreed to acquire 47% stake in LS Cable & System Co., Ltd from KDBC Paratus Private Investment Firm 2.
November 26, 2018
Share
LS EV KOREA Ltd agreed to acquire 47% stake in LS Cable & System (Wuxi) Co., Ltd from KDBC Paratus Private Investment Firm 2 on November 27, 2018. The transaction has been resolved by the Board of Directors of LS Cable & System at the meeting held on November 27, 2018. The transaction is expected to be completed by December 24, 2018.
LS EV Korea Ltd. is a Korea-based company principally engaged in the manufacture and distribution of electric vehicle parts. The Company mainly produces and sells electric vehicle parts including battery pack parts, high voltage harnesses, and others; energy storage system (ESS) components including battery protection units (BPUs), and others.