Lotte Chemical USA to transfer 3.23% equity in LACC LLC to Eagle US for US$89.10mil

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (Lotte Chemical) announced that its related company, Lotte Chemical USA Corporation (LC USA) has entered into a securities purchase agreement with Eagle US 2 LLC (Eagle US) to transfer a further 3.23 per cent of its equity interest in LACC LLC to Eagle US for US$89.10 million (US$1=RM4.19).

LACC LLC is a joint-venture between Lotte Chemical Corporation’s subsidiary, LC USA, and Eagle US.