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LG International

Company Summary

Description

Since its foundation in 1953, LGI has been taking a leading role in Korea’s economic development through trading of fiber and daily products and advancement into areas with growth potential, such as resources development and power plants. Recently, we have been securing sustainable competitiveness through organic connection and exchange between business areas, such as resources and the infra & industrial business.

Website

http://www.lgicorp.co.kr/en/company;jsessionid=aV5...

Recent news

  • 3/24/2022 - LG Announces Plans for... (subscriber access)
  • 11/27/2018 - GeoPark Acquires... (subscriber access)

Company Transactions

Date: 11/28/2018
Type: Acquisition

BUYERS:
  • GeoPark Limited
  • DETAILS:

    COST: 141 $MM

    NOTES:
    GeoPark Limited announced an agreement to acquire the LG International Corporation interest in Geopark's Colombian and Chilean operations and subsidiaries. The price for the acquisition includes a fixed payment of $81 million payable at closing, plus two equal installments of $15 million each, to be paid in June 2019 and June 2020, respectively. Three contingent payments of $5 million each could be payable over the next three years, subject to certain thresholds being exceeded. The transaction is expected to close by November 28, 2018, and will increase the Company's equity interest to 100% in its Colombian and Chilean businesses.
    REGIONS:
  • South America