South Korea's LG buys Austrian auto light maker ZKW for $1.3b

South Korea's LG buys Austrian auto light maker ZKW for $1.3b

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 Electronics and holding company LG Corp said on Friday they agreed to buy a combined 100 percent stake in Austrian car light maker ZKW Holding GmbH for 1.4 trillion won ($1.3 billion).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter