# Lotte Chemical bids for Hitachi Chemical stake

Lotte Chemical has submitted a preliminary bid to acquire Hitachi's 51.2% stake in Hitachi Chemical Co., competing with private equity firms.

- Type: Acquisition
- Announced: 2019-08-26
- Where: Japan
- Status: rumored
- Products: chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (partner)
- [Lotte Chemical](https://endata.com/companies/2025.md) (acquirer)
- [Hitachi Chemical](https://endata.com/companies/23869.md) (target)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/8954644), 2019-08-26: "Lotte Chemical has submitted a preliminary bid earlier this month to buy Hitachi Chemical from its largest shareholder Hitachi with 51.2 percent stake ownership."

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