Talk of Lotte Chemical Titan stake sale surfaces amid uphill turnaround

Lotte Chemical Titan's major shareholder, South Korea's Lotte Chemical Corp, is reportedly considering selling its 75.86% stake in the Malaysian-listed petrochemical firm after nearly five years of losses. The potential sale has attracted interest from Chinese refiners and Indonesian buyers like Chandra Asri, amid a broader uptick in chemical M&A activity. The company's flagship asset is a new ethylene plant in Cilegon, Indonesia, which was commissioned last year.