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LG says to sell LG Siltron stake to SK Holdings for $532 mln

SEOUL, Jan 23 (Reuters) - South Korea’s LG Corp, the holding company of LG Group, said in a filing on Monday it agreed to sell a stake in silicon wafer producer LG Siltron Inc to SK Holdings Co for 620 billion won ($531.9 million).

SK Holdings, a holding company of SK Group which controls semiconductor producer SK Hynix Inc, said in a separate statement that it decided to buy a 51 percent stake in LG Siltron for that amount.

Silicon wafers are a key material for semiconductor production.

$1 = 1,165.6900 won Reporting by Joyce Lee; Editing by Jacqueline Wong

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