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KOREAN WATCHDOG OKS LOTTE'S TAKEOVER OF DISTILLED LIQUOR MAKER.
SEOUL, March 2 Asia Pulse - South Korea's anti-trust watchdog said Sunday it gave the greenlight for a subsidiary of retail giant Lotte Group to acquire the nation's second-largest maker of "soju," a popular distilled liquor.
The Fair Trade Commission (FTC) gave the regulatory nod nearly three months after Lotte Liquor BG Co. agreed with Doosan Corp. to buy the latter's soju-making unit for 503 billion won (US$328 million).
"Lotte's wide-range distribution network is not likely to hamper the entry of its competitors into the liquor supply market," the commission said. "Lotte's takeover rather can lower soju ...
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- News wire article from: YON - Yonhap News Agency of Korea June 10, 2004 700+ words
...Yonhap) -- The Lotte Group appears to be seeking...soju, a traditional distilled liquor. Shin Joon-ho...industry official. Lotte Group officials said the...business portfolio of Lotte Group, whose distribution...
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...10 Asia Pulse - The Lotte Group appears to be seeking...soju, a traditional distilled liquor. Shin Joon-ho...industry official. Lotte Group officials said the...business portfolio of Lotte Group, whose distribution...
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- News wire article from: AsiaPulse News December 22, 2008 700+ words
...Group, has picked the Lotte Group (KSE:02270) as...of soju, or Korean distilled liquor, with a 13-percent...Doosan has picked the Lotte Group as a preferred bidder...announced on Monday. A Lotte Group spokesperson said he...
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- News wire article from: AsiaPulse News January 15, 2009 700+ words
...Asia Pulse - South Korea's Lotte Group may move to establish its presence...reached, but analysts expect Lotte Group will make an offer in an attempt...popular kind of South Korean distilled liquor made from grain or potatoes...
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- News wire article from: YON - Yonhap News Agency of Korea January 16, 2009 700+ words
...Yonhap)-- South Korea's Lotte Group may move to establish its presence...reached, but analysts expect Lotte Group will make an offer in an attempt...popular kind of South Korean distilled liquor made from grain or potatoes...
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- News wire article from: YON - Yonhap News Agency of Korea March 2, 2009 700+ words
...a subsidiary of retail giant Lotte Group to acquire the nation's second...maker of "soju," a popular distilled liquor. The Fair Trade Commission...prices by spurring competition." Lotte Group controls the nation's biggest...
- Lotte Group - Strategic Analysis Review.
- Press release article from: M2 Presswire April 8, 2009 700+ words
...2009-www.companiesandmarkets.com: Lotte Group - Strategic Analysis Review(C)1994...companiesandmarkets.com adds new report: Lotte Group - Strategic Analysis Review Lotte Group - Strategic Analysis Review Summary Lotte...
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- News wire article from: YON - Yonhap News Agency of Korea December 13, 2007 700+ words
...Yonhap) -- South Korea's retail giant Lotte Group said Thursday it is seeking to acquire...its presence in the Chinese market. "Lotte Group plans to acquire a discount retailer...details of the acquisition deal," said a Lotte Group official said, asking not to be named...