# KKR acquisition of LCY Chemical approved by Taiwan FTC

KKR & Co received approval from Taiwan's Fair Trade Commission to acquire LCY Chemical Corp for NT$47.8 billion (US$1.55 billion). KKR will become the sole shareholder and enter a joint venture with the Lee family.

- Type: Acquisition
- Announced: 2018-11-09
- Where: TWN
- Value: $1.55B (47.8B TWD)
- Status: announced
- Products: rubber items, solvents, high-performance plastics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [KKR & Co](https://endata.com/companies/7617.md) (acquirer)
- [LCY Chemical](https://endata.com/companies/33269.md) (target)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2018/11/12/2003704051), 2018-11-11: "KKR & Co has been given approval to acquire LCY Chemical Corp (李長榮化工), the Fair Trade Commission (FTC) announced on Friday, saying it did not expect competition issues to arise from the deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.