# 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.

- Type: Acquisition
- Announced: 2022-10-01
- Where: South Korea
- Value: $2.02B (2700.0B KRW)
- Status: announced
- Products: copper foil, battery materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md) (acquirer)
- [Iljin Materials](https://endata.com/companies/54413.md) (target)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20221118007051320), 2022-11-18: "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."

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