LG Chem studies acquisition targets


FILE PHOTO: FILE PHOTO: FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul

SEOUL: LG Chem Ltd is scouting for overseas acquisitions to expand its battery materials business, people familiar with the matter say.

The South Korean chemicals giant has been studying potential targets including Belgium’s Umicore SA, according to the people, who asked not to be identified because the information is private.

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