BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Finance > article

Lotte chemical unit invests in private equity fund to secure stake in Doosan Solus

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : September 23, 2020, 16:52 | Updated : September 23, 2020, 16:52
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of Doosan]



SEOUL -- Lotte Fine Chemical, a chemical unit of South Korea's Lotte Group, disclosed an investment of 290 billion won ($249 million) in a private equity fund which has been established for the acquisition of Doosan Solus that produces copper foils or electric vehicles, related products and electronic materials.

Lotte Fine Chemical said the investment, made public in a regulatory filing on September 23, was in line with a business strategy to expand its specialty business. The parent group has shown keen interest in the production of EV batteries and related materials.

As part of its group-wide restructuring to ease financial woes, Doosan Group concluded a deal in July sell Doosan Solus to Skylake Investment, a private equity fund. The sale price was estimated at 700 billion won.

Doosan Solus has developed high-end, efficient battery foil products since it acquired Circuit Foil based in Luxembourg in 2014. In May this year, the South Korean company secured an incentive including financial support and tax benefits from the Hungarian government to boost the production of thin copper foils in the Tatabanya industrial complex.

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Daewoo shipyards SOFC ship certified by American classification society.
    Daewoo shipyard's SOFC ship certified by American classifica…
  • .Doosan Robotics works with university hospital to develop surgical robots.
    Doosan Robotics works with university hospital to develop su…
  • .Doosan Heavy joins green hydrogen project using wind power generation.
    Doosan Heavy joins green hydrogen project using wind power g…
  • .Hyundai shipbuilding group acquires Doosan Infracore to create dominant player in construction equipment market.
    Hyundai shipbuilding group acquires Doosan Infracore to crea…
  • .Doosan Mobility partners with Chinese company to develop hydrogen robots.
    Doosan Mobility partners with Chinese company to develop hyd…

Real Time Photo News

  • .BTS agency posts record earnings in 2020 on brisk online activities and album sales .

    BTS agency posts record earnings in 2020 on brisk online activities and album sales

  • .[FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene.

    [FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene

  • .CJ ENM aims to become major visual content producer thru partnership with Epic Games .

    CJ ENM aims to become major visual content producer thru partnership with Epic Games

  • .​Solo singer Sunmi to come back with new album Tail.

    ​Solo singer Sunmi to come back with new album 'Tail'

  • .Big Hits live-streaming joint venture gains reinforcements from Universal Music, YG.

    Big Hit's live-streaming joint venture gains reinforcements from Universal Music, YG

Latest News

more+

  • Prime Minister Chung stresses importance of 'borderless communication channel' to minimize informati…
  • State hospital succeeds in inserting wireless pacemakers into hearts of bradyarrhythmia patients
  • LG Electronics' joint venture with Canada's Magna awaits approval by shareholders in March
  • Sajo Seafood to launch raw tuna menu delivery service
  • Researchers find new roundworm species near Dokdo
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view