UPDATE 1-Carlyle in talks to buy LG Chem's auto ops-sources

Newswire

(Adds background) SEOUL, April 29 (Reuters) - The Carlyle Group, a leading U.S. buyout firm, is in talks to buy the automotive parts division of South Korea's LG Chem Ltd. in a deal estimated at over $100 million, sources close to the matter said on Friday. Carlyle, which recently raised a record $10 billion for two buyout funds, is an avid bidder for South Korean assets. "LG Chem is in talks with a couple of potential buyers and Carlyle is one of them," a source familiar with the deal ...

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