M&A Deal Summary

Ningbo Shanshan Acquires LG Chem - LCD Polarizer Business

On June 10, 2020, Ningbo Shanshan acquired chemicals company LG Chem - LCD Polarizer Business from LG Chem for 1.1B USD

Acquisition Highlights
  • This is Ningbo Shanshan’s 1st transaction in the Chemicals sector.
  • This is Ningbo Shanshan’s largest (disclosed) transaction.
  • This is Ningbo Shanshan’s 1st transaction in China.

M&A Deal Summary
Date 2020-06-10
Target LG Chem - LCD Polarizer Business
Sector Chemicals
Buyer(s) Ningbo Shanshan
Sellers(s) LG Chem
Deal Type Divestiture
Deal Value 1.1B USD

Target

LG Chem - LCD Polarizer Business

China
LG Chem, Ltd. - LCD Polarizer Business transmits the light emitted from the LCD's backlight in a single direction while blocking the light coming from other directions.

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Buyer(S) 1

Buyer

Ningbo Shanshan

Ningbo, China

website

Category Company
Founded 1992
Sector Chemicals
Employees5,982
Revenue 20.7B CNY (2021)
DESCRIPTION

Ningbo Shanshan is an entity that provides apparel and lithium battery materials in China and internationally. The company provides lithium battery cathode materials, lithium battery anode material products, silicon-based anode materials, and electrolyte products. It is also involved in energy management services, such as new energy business activities, such as the construction of charging piles, operation of new energy vehicles, and energy management services. It engages in the financial leasing and venture capital businesses. Ningbo Shanshan was founded in 1992 and is based in Ningbo, China.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

LG Chem

Seoul, South Korea

website

Category Company
Founded 1947
Sector Chemicals
Employees13,051
Revenue 30,076.5B KRW (2020)
DESCRIPTION

LG Chem engaged in the manufacture of petrochemicals.polyvinyl chloride (PVC) resins, low-density polyethylene (LDPE), poly styrene (PS), acrylonitrile butadiene styrene (ABS), bisphenol. LG Chem was founded in 1947 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 3
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 LG NanoH2O

El Segundo, California, United States

LG NanoH2O, Inc. designs, develops, manufactures and markets reverse osmosis (RO) mem­branes that lower the cost of desalination.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Aveo Oncology

Boston, Massachusetts, United States

Aveo Oncology is a biopharmaceutical company focused on discovering, developing, and commercializing cancer therapeutics. Aveo Oncology's product candidates are targeted against important mechanisms known or believed to be involved in cancer. Aveo Oncology was founded in 2001 and is based in Boston, Massachusetts.

Buy $571M
Mergr

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