# LS Group may raise stake in LS-Nikko Copper to 87.5%

LS Group is considering buying an additional 37.4% stake in LS-Nikko Copper from JX Nippon Mining & Metals through two Korean PE firms for about 600 billion won ($490 million), increasing its ownership to 87.5%.

- Type: Acquisition
- Announced: 2022-02-20
- Where: Onsan, South Korea
- Value: $490.0M (600.0B KRW)
- Status: rumored
- Products: electrolytic copper, precious metals
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [LS Corp](https://endata.com/companies/16131.md) (acquirer)
- [JX Nippon Mining & Metals Corporation](https://endata.com/companies/38365.md) (target)
- [LS-Nikko Copper](https://endata.com/companies/61152.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/mergers-acquisitions/newsView/ked202204140001), 2022-02-20: "LS Group is looking to purchase an additional 37.4% stake in the JV through two Korean private equity firms for around 600 billion won ($490 million)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.