SEOUL, April 26 South Korea's Lotte Group is
creating a holding company by merging parts of four listed units
including retailer flagship Lotte Shopping Co Ltd,
the units said in filings on Wednesday.
Lotte Shopping, Lotte Confectionery Co Ltd,
Lotte Chilsung Beverage Co Ltd and Lotte Food Co Ltd
said each unit was splitting into two companies
each, after which four out of the resulting eight firms will be
combined into one holding company.
Lotte Group said in January that the four units were looking
at ways that a holding company structure could be utilised, to
resolve cross-shareholding issues and increase governance
(Reporting by Joyce Lee)