LG Electronics acquires 70% stake in automotive lighting company ZKW Group

LG Electronics, together with parent LG Corp., is acquiring ZKW Group, a premium automotive lighting and headlight systems provider, for over EUR 1.1 billion. LG Electronics will hold a 70% stake and LG Corp. the remaining 30%.

“The Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion”lg.com

• 2 sources
• lg.comLG Acquires Global Premium Automotive Lighting Company ZKW Group | LG Global BusinessApr 26, 2018
• koreaherald.comLG spurs vehicle component biz with biggest M&A of light maker ZKW - The Korea HeraldSong Su-hyunApr 26, 2018

Summarized from public sources; check the original articles before acting on it.