Lotte Chemical Corporation (KOSE:A011170) has offered to acquire up to 51.2% of Hitachi Chemical Company, Ltd.'s shares. Hitachi has been planning to sell its Hitachi Chemical division since May 2019 and has already received offers from various companies such as Bain Private LP, Carlyle Group, and Kohlberg Kravis Roberts & Co. Other potential buyers are Sumitomo Chemical, Mitsui Chemicals, and Mitsubishi Chemical.

The sale could be worth JPY 600 billion – JPY 700 billion (EUR 5 billion – EUR 5.75 billion).