Lotte Confectionery Co.,Ltd agreed to acquire 1.44% stake in Lotte Confectionery Holdings (Europe) B.V. from LOTTE Corporation (KOSE:A004990) for approximately KRW 100 billion on September 7, 2018. Pursuant to the terms, Lotte Confectionery will acquire 56.1 million shares of Lotte Confectionery Holdings. Lotte Confectionery will pay consideration through its new shares. The transaction is expected to complete on December 20, 2018.

Lotte Confectionery Co.,Ltd completed the acquisition of 1.44% stake in Lotte Confectionery Holdings (Europe) B.V. from LOTTE Corporation (KOSE:A004990) on December 20, 2018.