LOTTE Corporation (KOSE:A004990) signed a merger contract to acquire LOTTE LOGISTICS Corp. for approximately KRW 210 billion on January 2, 2018. As per terms, 3.2 million shares of LOTTE Corporation will be issued as consideration at an exchange ratio of 2.23. As per the restructuring ratio, LOTTE LOGISTICS Corp. will first spin-off all its business except 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. On January 23, 2018, the terms of the deal has been amended. Under the amended terms, 3.18 million shares of LOTTE Corporation will be issued as consideration at an exchange ratio of 2.23 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. On February 27, 2018, the transaction is approved by the shareholders of LOTTE Corporation at the extraordinary shareholders' meeting. 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 LOTTE LOGISTICS Corp. on April 1, 2018.