Lotte Corp planned to acquire 4,101,467 Lotte Chemical shares from Hotel Lotte and 3,863,734 shares from Lotte Property & Development, according to a regulatory filing.
(Reporting by Hyunjoo Jin; editing by Darren Schuettler)
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26/04 | Lotte Group Agrees to Divest Theme Park Project in China for KRW450 Billion | MT |
25/04 | South Korea's Lotte sells China theme park project for $326 mln, reports MoneyToday | RE |
SEOUL (Reuters) - South Korea's Lotte Corp said on Wednesday that it planned to take a stake in Lotte Chemical for 2.2 trillion won ($1.93 billion) from two affiliates to improve its governance and efficiency.
Lotte Corp planned to acquire 4,101,467 Lotte Chemical shares from Hotel Lotte and 3,863,734 shares from Lotte Property & Development, according to a regulatory filing.
(Reporting by Hyunjoo Jin; editing by Darren Schuettler)
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