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New Deal


Announced

Ningbo Shanshan to acquire LCD polarizer business of LG Chem for $1.1bn.

Financials

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Transaction Value£865m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Single Bidder

chemical products

Friendly

Acquisition

lcd polarizer

South Korea

Private

Majority

Pending

Specialty Chemicals

Synopsis

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Ningbo Shanshan, a manufacturer of lithium battery materials, agreed to acquire LCD polarizer business of LG Chem, a Korean chemicals and battery manufacturer for $1.1bn. “We are going to focus on strengthening our competitiveness in tech materials, especially organic light-emitting diode and nurture our OLED polarizer business,” LG Chem.

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