Lotte Chemical makes bid for U.S.-based Axiall Corp.Lotte Chemical made an offer to buy U.S.-based polyethelene maker Axiall Corporation, as the Korean-based petrochemical company seeks to build on its takeover of Samsung Group’s chemicals arm.
Lotte submitted a plan to acquire Atlanta-based Axiall on Friday, according to a regulatory filing that did not give terms of the possible deal.
The Korean company formed a venture last year with Axiall, which has a market value of $1.6 billion, to build a plant for making ethylene in the United States, with production to start in 2018.
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)