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.

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

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