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    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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End-of-day quote Korea Stock Exchange  -  2022-08-07
652000.00 KRW   +1.56%
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EU regulator clears 95 million euros Polish aid for expansion of LG Chem's battery plant

03/18/2022 | 05:47am EDT
FILE PHOTO: FILE PHOTO: FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul

BRUSSELS (Reuters) - The European Commission on Friday approved Poland's measures of 95 million euros ($104.95 million) to support the expansion of LG Chem Group's battery cell production facility for electric vehicles in the Polish Dolnoslaskie region.

"The aid will contribute to job creation and to the economic development of a disadvantaged region, without unduly distorting competition," EU antitrust chief Margrethe Vestager said in a statement.

($1 = 0.9052 euros)

(Reporting by Marine Strauss @StraussMarine; editing by Philip Blenkinsop)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LG CHEM, LTD. 1.56% 652000 End-of-day quote.6.02%
LG CORP. 0.75% 80800 End-of-day quote.-0.12%
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Analyst Recommendations on LG CHEM, LTD.
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Financials
Sales 2022 50 930 B 39,2 B 39,2 B
Net income 2022 2 599 B 2,00 B 2,00 B
Net Debt 2022 4 410 B 3,39 B 3,39 B
P/E ratio 2022 18,9x
Yield 2022 1,61%
Capitalization 48 199 B 37 090 M 37 090 M
EV / Sales 2022 1,03x
EV / Sales 2023 0,95x
Nbr of Employees -
Free-Float 59,6%
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Technical analysis trends LG CHEM, LTD.
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Mean consensus BUY
Number of Analysts 26
Last Close Price 652 000,00 KRW
Average target price 776 230,77 KRW
Spread / Average Target 19,1%
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Managers and Directors
Hak Cheol Shin Chairman & Chief Executive Officer
Okdong Son President
Dong-Seok Cha Chief Financial Officer & Director
Ki-Soo No CTO & President-Executive Board
Young-Ho An Independent Director
Sector and Competitors