LG Chem to sell majority of LCD polarizer biz to China's Shanshan for $1.1b

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 Chem Ltd said on Wednesday it has signed a conditional contract with China’s Ningbo Shanshan Co Ltd to sell most of its liquid crystal display (LCD) polarizer business for $1.1 billion.

The chemicals and battery maker said some of its LCD polarizer business including those for automobiles would be excluded from the sale. Polarizers improve the display function in products.

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