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Advance of Lotte group into Pharmaceutical industry is near at hand

Published: 2001-06-13 06:59:00
Updated: 2001-06-13 06:59:00
Lotte Confectionery Co., affiliates of Lotte group, is expected to take over 'IY P&F(ex-Ilyang P&F)', affiliates of Ilyang Pharmaceutical Co., and go into pharmaceutical industry in earnest.

Lotte Confectionery concluded MOU to M&A into IY P&F in March and finished due diligence of asset value of IY P&F in April.

Although Lotte Confectionery is due to take over IY P&F at nearly 8 billion...

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