Lotte aims to take Lotte Global Logistics public by end-June

Quick Summary:

Lotte Group, grappling with a prolonged downturn in the petrochemical industry, plans to take Lotte Global Logistics Co.public by the end of June as part of the group's ongoing efforts to ease its liquidity shortfall.

Lotte Group is determined to complete the unit’s initial public offering within the first half of this year even if means compensating financial investors with a portion of the proceeds, the sources told The Korea Economic Daily last week.

In 2017, Seoul-based H Private Equity invested 286 billion won in Lotte Global Logistics with a put option agreement.It currently owns 21.8% of the company.

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Article Details

Category: Economy

Markets: South Korea

Topics: Logistics Trillion Investment Group Shortfall Equity Valuation Lotte Industry Korea Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 11:32:23 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 26653811

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About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

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Year Established: 1964

Headquarters: South Korea

News Last Updated: 1 hours ago

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Publication Timezone: GMT +8:00

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Publisher ID: #91

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