Acquiring Company
HD Hyundai Chemical
Acquired Company
Lotte Chemical
South Korea
MalaysiaOil And GasEnergyOil And GasDescription
The Fair Trade Commission has approved the merger of HD Hyundai Chemical and Lotte Chemical’s Daesan Plant. The new entity will operate major production facilities together, as both companies hold equal stakes. This merger is set to reshape the competitive landscape in the low-density polyethylene and ethylene vinyl acetate markets in South Korea. Strict behavioral remedies are imposed to ensure fair competition post-merger.
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Based on deal dataFrequently asked
Who acquired Lotte Chemical?
Lotte Chemical was acquired by HD Hyundai Chemical, based in South Korea. The deal was reported on August 20, 2026. HD Hyundai Chemical is a prominent player in the petrochemical industry in South Korea. The company manufactures and sells a variety of chemical products. HD Hyundai Chemical is privately held and operates in Oil And Gas.
When did HD Hyundai Chemical acquire Lotte Chemical?
HD Hyundai Chemical's acquisition of Lotte Chemical was reported on August 20, 2026. The Fair Trade Commission has approved the merger of HD Hyundai Chemical and Lotte Chemical’s Daesan Plant. The new entity will operate major production facilities together, as both companies hold equal stakes. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lotte Chemical do?
Lotte Chemical is a leading petrochemical company in South Korea. It specializes in the production of various chemicals and plastics. The company plays a significant role in the petrochemical sector, contributing to the economy. It is privately held, operating in Energy, and is based in Malaysia.
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