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Lotte Chemical to Divest Majority Stake in Pakistani Subsidiary to Focus on Specialty Business

Summary by businesskorea.co.kr
Lotte Chemical's Pakistani subsidiary plant (Photo courtesy of Lotte Chemical) Lotte Chemical is set to sell a 75.01% stake in its Pakistani subsidiary to a consortium comprising Asia Park Investment and Montage Oil DMCC. The deal, estimated to be worth over 100 billion won, is part of Lotte Chemical's broader restructuring efforts aimed at reducing its reliance on basic commodity production and expanding its specialty business. The company's bo…
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businesskorea.co.krbusinesskorea.co.kr

Lotte Chemical to Divest Majority Stake in Pakistani Subsidiary to Focus on Specialty Business

Lotte Chemical's Pakistani subsidiary plant (Photo courtesy of Lotte Chemical) Lotte Chemical is set to sell a 75.01% stake in its Pakistani subsidiary to a consortium comprising Asia Park Investment and Montage Oil DMCC. The deal, estimated to be worth over 100 billion won, is part of Lotte Chemical's broader restructuring efforts aimed at reducing its reliance on basic commodity production and expanding its specialty business. The company's bo…

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businesskorea.co.kr broke the news in on Tuesday, February 18, 2025.
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