Lee & Ko advised LG Group in its sale of 35% of its shareholdings in LG CNS Co., Ltd. to Cristal Korea Co., Ltd. (SPC of Macquarie Korea Opportunities Management, Ltd.) for KRW 951 billion. The relevant share purchase agreement was executed on December 6, 2019. Lee & Ko has been providing legal advice to LG Corporation on matters involved with the transaction in overall, including due diligence, review of merger filing requirements, share purchase agreement and shareholders agreement negotiations, and execution of those agreements.

[Pulse] LG Corp puts 37.3% stake in LG CNS worth nearly $85 mn on sale