LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

On 19-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.

The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%) shareholder of Lotte Chemical Pakistan Limited (Company), has approved and authorized the sale of all of the company’s shares held by LCC Korea (75.01%). This decision is part of LCC Korea’s business portfolio transformation, subject to the execution of a share purchase agreement (“Proposed Divestment”), and on such terms and conditions as specified under the share purchase agreement.

The consummation of the Proposed Divestment will be subject to the procurement of all applicable regulatory and corporate approvals as may be required.