LG Chem raises ₩2.5T via LG Energy Solution stake swap, plans first share buyback

LG Chem signed a two-year price return swap on 6.54 million LG Energy Solution shares at ₩382,500 each, raising about ₩2.5 trillion. Its stake in the battery unit will fall from 79.38% to 76.6%, and roughly 20% of proceeds (≈₩400 billion) will fund shareholder returns, including the company's first-ever buyback and cancellation of ₩300 billion in shares.

• Swap on 6.54M LGES shares at ₩382,500 raises about ₩2.5 trillion
• LG Chem's stake in LG Energy Solution drops from 79.38% to 76.6%
• ₩300B for buyback and cancellation, ₩100B for 2026 dividends
• Two-year contract term; proceeds due November 27