Lotte Chemical to acquire 53.3% stake in Iljin Materials for 2.7 trillion won

Lotte Chemical announced it will buy a 53.3% stake in copper foil maker Iljin Materials for about 2.7 trillion won to enter the battery components sector. It also plans a 1.1 trillion won rights offering to fund the acquisition.

“Lotte Chemical said last month it will buy a 53.3 percent stake in Iljin Materials for about 2.7 trillion won, in a bid to advance into the battery components sector.”en.yna.co.kr

• 1 source
• en.yna.co.kr(LEAD) Lotte Chemical to raise 1.1 tln won to finance takeover | Yonhap News AgencyKim Seung-yeonNov 18, 2022

Summarized from public sources; check the original articles before acting on it.