LG to sell chip unit stake to SK Holdings for $532m

LG  to sell chip unit stake to SK Holdings for $532m

The LG company logo is seen following an event during the annual Consumer Electronics Show (CES ) in Las Vegas, Nevada January 6, 2014. REUTERS/Robert Galbraith

South Korea’s LG Corp, the holding company of LG Group, said in a filing on Monday it agreed to sell a stake in silicon wafer producer LG Siltron Inc to SK Holdings Co for 620 billion won ($531.9 million).

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