Lucky Core Industries Limited (KASE:LCI) intends to acquire a 75.01% stake in Lotte Chemical Pakistan Limited (KASE:LOTCHEM) on July 22, 2022. Lucky Core Industries Limited (KASE:LCI) agreed to acquire a 75.01% stake in Lotte Chemical Pakistan Limited (KASE:LOTCHEM) from Lotte Chemical Corporation (KOSE:A011170) for approximately KRW 190 billion on January 13, 2023. Transaction is expected to close on January 26, 2023.

The transaction is subject to regulatory approval. Optimus Capital Management (Private) Limited acted as manager to ICI Pakistan.