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Lotte Chemical to acquire controlling stake in ILJIN Materials, copper foil manufacturer
South Korea’s Lotte Chemical Corporation announced a plan for Lotte Battery Materials USA Corporation, its US subsidiary, to acquire a 53.3% stake in ILJIN Materials Co., Ltd. (ILJIN Materials), a South Korean copper foil manufacturer. The acquisition cost will be KRW 2.7 trillion. ILJIN Materials has plants in South....
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