Hotel Lotte Co., Ltd. completed the acquisition of remaining 53.9% stake in Lotte Europe Holdings B.V. from Lotte Shopping Co., Ltd. and LOTTE Corporation.
May 30, 2019
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Hotel Lotte Co., Ltd. agreed to acquire remaining 53.9% stake in Lotte Europe Holdings B.V. from Lotte Shopping Co., Ltd. (KOSE:A023530) and LOTTE Corporation (KOSE:A004990) for KRW 85.5 billion on May 31, 2019. As reported, Hotel Lotte Co., Ltd. acquired 0.5 million shares in Lotte Europe Holdings B.V., out of which 0.25 million shares were held by LOTTE Corporation and 0.25 million shares were held by Lotte Shopping Co., Ltd. The shares were acquired at a unit cost of KRW 171,646. Following the acquisition, Hotel Lotte Co., Ltd. will hold 0.9 million, representing 100% stake in Lotte Europe Holdings B.V.
Hotel Lotte Co., Ltd. completed the acquisition of remaining 53.9% stake in Lotte Europe Holdings B.V. from Lotte Shopping Co., Ltd. (KOSE:A023530) and LOTTE Corporation (KOSE:A004990) on May 31, 2019.
Lotte Shopping Co Ltd is a Korea-based company mainly engaged in the operation of department stores. The Company operates its business through six segments. The Department Store segment is involved of the installation and operation of department stores such as Lotte Depart Store. The Company operates its department stores within the domestic market and to overseas markets, including Vietnam, Russia, Indonesia and China. The Discount Store segment is involved of the installation and operation of discount stores. The Electronics Store segment is engaged in the sale of home appliances and computers and communication devices. The Super segment is engaged in the operation of supermarkets and the rental of real estate. The Home Shopping segment mainly engages in home shopping and e-commerce business through Internet shopping mall and mobile. The Other segment engages in the businesses including the sale of cosmetics, food and other consumer goods, the operation of movie theaters and others.
Hotel Lotte Co., Ltd. completed the acquisition of remaining 53.9% stake in Lotte Europe Holdings B.V. from Lotte Shopping Co., Ltd. and LOTTE Corporation.
LOTTE SHOPPING CO., LTD. 
