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9 Apr 2018

Yulchon Advises Lotte International on Its Acquisition of Equity Stakes in Agricultural Companies in Russia

Yulchon advised Lotte International Co., Ltd. on its acquisition of equity stakes in two agricultural companies in Russia from Hyundai Heavy Industries Co., Ltd. The transactions consisted of the acquisition of a 49.99% equity stake in a company that owns agricultural land and a 100% equity stake in a farming company.

 

Hyundai Heavy Industries had been operating an approximately 10,000-hectare farm located in Primosky Krai in the Far East region of Russia through the two agricultural companies and sold its equity stakes in such companies to Lotte as part of its business restructuring efforts. With this acquisition, Lotte has now secured an important platform in entering Russia’s growing agricultural market.

 

The Yulchon team which advised on the transaction included Tehyok Daniel Yi, Kyu Sang Hwang, Hwa Joon Lee, Chris H. Kang, Yea Na Lee and Aleksandra Tovstik.  

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