[Alpha Biz=(Chicago) Reporter Paul Lee] Lotte Rental announced on the 24th that it will acquire an additional 587,413 shares of Socar for about 26.5 billion won.

Lotte Rental's stake in Socar is 34.7% after acquiring the stock.

Lotte Rental explained, "It is a stock acquisition following the put option exercise of S.O.ENG, a limited company."

 

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