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FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo. SEOUL (Reuters) - LG Chem shareholders approved the company’s proposal to separate its battery business into a new company, a source familiar with the matter told Reuters on Friday. The decision paves the way for the battery business, a supplier for Tesla Inc and General Motors Co, to potentially raise funds and go public to finance its high-cost capacity expansion. More than 82% of LG Chem shareholders who attended the meeting voted in favour of the plan, the source said. LG Chem declined to comment. The unit, which will be launched on Dec. 1, will first ... Full story

30 October