Lotte Chem Titan Finalizes Divestment Of 49% Stake in LCI to Lotte Chemical

摘要

Cileson-Lotte Chemical Titan has completed the divestment of a 49% equity interest in Lotte Chemical Indonesia (LCI) to its major shareholder, Lotte Chemical Corp., for approximately $65.4-million (PCN, 7 Oct 2019, p 3). Both Lotte Chemical Titan and Lotte Chemical Corp. will jointly fund the LCI New Ethylene project being built in Cilegon, Indonesia.