TOKYO (dpa-AFX) - LG Energy Solution, Limited (373220.KS), a South Korean battery maker, said on Wednesday that it has decided to sell assets of L-H Battery Company Inc., in Ohio to Honda Development and Manufacturing of America, LLC of Honda Motor Co. Limited (HMC, 7267.T).
Excluding land and equipment, the proposed $2.856 billion deal aims to boost operational efficiency of the joint venture, L-H Battery Company, owned by LG Energy Solution and Honda.
The transaction is anticipated to be closed on February 28, 2026.
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