Lotte founder's eldest son to sell most of stakes in 4 units

Lotte

12/09/2017 06:13

SEOUL, Sept 12 (Reuters) - Shin Dong-joo, the elder son of 
Lotte Group's founder, has decided to sell most of his stakes in 
Lotte Shopping  023530.KS  and three other units of South 
Korea's No.5 conglomerate, his company said without providing 
the value of the sale. 
    Shin is opposed to the merger of Lotte Shopping with the 
three other affiliates - Lotte Confectionery  004990.KS , Lotte 
Chilsung Beverage  005300.KS  and Lotte Food  002270.KS , the 
company said in a statement.  
 
 (Reporting by Hyunjoo Jin; Editing by Stephen Coates) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: LOTTE SHOPPING STAKESALE/