South Korean conglomerate Lotte to buy Samsung's chemical business for $2.63b

South Korean conglomerate Lotte to buy Samsung's chemical business for $2.63b

A man walks at the Samsung Electronics' headquarters in Seoul January 7, 2015. REUTERS/Kim Hong-Ji

South Korean conglomerate Lotte Group will acquire Samsung Group’s chemical businesses for more than 3 trillion won ($2.63 billion), Korea Economic Daily reported on Thursday citing unnamed sources.

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