Lotte Looks to Chemicals With $2.6 Billion Samsung Deal

Updated on
  • Lotte Group to buy Samsung Group's chemical businesses
  • Samsung sells units to focus on electric car batteries

Lotte Group is buying Samsung Group’s chemical businesses for about 3 trillion won ($2.6 billion), in one of the biggest deals among South Korea’s family-run conglomerates as the retail giant seeks growth beyond hotels and department stores.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.