South Korean Lotte Group intends to buy out an agri holding from Hyundai in Primorye

26.03.2018

The Federal Antimonopoly Service (FAS) has granted a request of South Korea’s Lotte International Co., Ltd. (part of Lotte Group) for acquiring a 100% stake in LLC Hyundai Khorol Agro (a farming holding in Primorye region), the Service reports as cited by Zerno On-Line.

Hyundai Khorol Agro is specialized in growing soybeans (some 70% of its planted area) and corn. In addition, the holding develops livestock husbandry.

 

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