Lotte Shopping Co., Ltd. completed the acquisition of an unknown stake in Lotte Incheon Development Co., Ltd. from LOTTE Corporation.
May 26, 2019
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Lotte Shopping Co., Ltd. (KOSE:A023530) agreed to acquire an unknown stake in Lotte Incheon Development Co., Ltd. from LOTTE Corporation (KOSE:A004990) for KRW 23.9 billion on May 15, 2019. Lotte Shopping Co., Ltd. will acquire 3 million shares for KRW 7,950 each. The Board of Directors of LOTTE Corporation resolved the transaction on May 15, 2019. The transaction is expected to close on May 27, 2019.
Lotte Shopping Co., Ltd. (KOSE:A023530) completed the acquisition of an unknown stake in Lotte Incheon Development Co., Ltd. from LOTTE Corporation (KOSE:A004990) on May 27, 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.
LOTTE SHOPPING CO., LTD. 
