LOTTE Corporation (KOSE:A004990) signed a merger contract to acquire Korea Fujifilm Co., Ltd for approximately KRW 610 billion on January 2, 2018. Under the terms, LOTTE Corporation will issue 9.35 million shares at an exchange ratio of 77.98. As per the restructuring ratio, Korea Fujifilm Co., Ltd will first spin-off all its business except the investment segment and the remaining will be acquired by LOTTE Corporation in a statutory merger. In related deals, LOTTE Corporation will also acquire investment business segments of LOTTE GRS Co., Ltd., Korea Fujifilm Co., Ltd., Daehong Communications Inc, Lotte International CO., LTD. and Lotte IT Tech Co., Ltd. As of September 30, 2017, KOREA FUJIFILM Co., Ltd reported total assets of KRW 671.4 billion and total capital of KRW 526.1 billion. The Board of Directors of LOTTE Corporation resolved the deal on January 2, 2018. The general meeting of shareholders of LOTTE Corporation will be held on February 27, 2018. The shareholders of LOTTE Corporation approved the deal on February 27, 2018. Creditors can submit their objections from February 27, 2018 to March 30, 2018. The deal is expected to close on April 1, 2018. Ernst & Young Han Young acted as external rating institution. LOTTE Corporation (KOSE:A004990) completed the acquisition of Korea Fujifilm Co., Ltd on April 2, 2018.