LG Energy Solution to reconsider IPO plans for this year as vehicle recall mars outlook

LG Energy Solution to reconsider IPO plans for this year as vehicle recall mars outlook

Photo: Reuters

South Korean battery maker LG Energy Solution (LGES) said on Monday it will decide by October whether to pursue its planned initial public offering (IPO) this year after a vehicle recall involving LG batteries clouded it outlook.

LGES, wholly owned by LG Chem Ltd from which it was carved out last year, in June said it planned to complete the IPO process in 2021.

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