{"id":7334,"date":"2018-04-26T04:08:10","date_gmt":"2018-04-26T08:08:10","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=044c1ee1571110fea996fb716b917f2c"},"modified":"2018-04-26T04:08:10","modified_gmt":"2018-04-26T08:08:10","slug":"lg-to-buy-automotive-light-maker-zkw-for-1-1-billion-euros","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/26\/lg-to-buy-automotive-light-maker-zkw-for-1-1-billion-euros\/","title":{"rendered":"LG to buy automotive light maker ZKW for 1.1 billion euros"},"content":{"rendered":"<p>SEOUL, Korea, Republic Of &#8212; LG Electronics Inc. says it will acquire Austrian-based automotive light maker ZKW in the company&#8217;s biggest acquisition so far.<\/p>\n<p>The South Korean company said Thursday it plans to buy a 70 per cent stake in ZKW Holding, a supplier to BMW and Mercedes-Benz, for 1.4 trillion won ($1.3 billion), or 1.1 billion euros. Its holding company LG Corp. will purchase the remaining stake for 330 million euros ($402 million).<\/p>\n<p>LG is banking on its automotive parts business to get a stronger foothold in the market. LG said the purchase of ZKW, which makes high-quality lights for top automakers around the world, will enhance its auto parts business portfolio.<\/p>\n<p>The South Korean company said the acquisition will also help develop advanced automotive lighting for self-driving cars and next-generation automotive lighting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL, Korea, Republic Of &mdash; LG Electronics Inc. says it will acquire Austrian-based automotive light maker ZKW in the company&rsquo;s biggest acquisition so far. The South Korean company said Thursday it plans to buy a 70 per cent stake in ZKW Holding, a supplier to BMW and Mercedes-Benz, for 1.4 trillion won ($1.3 billion), or [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7334"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=7334"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7334\/revisions"}],"predecessor-version":[{"id":7336,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7334\/revisions\/7336"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=7334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=7334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=7334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}