01/08/2013 (Agence Europe) - Mergers: Lotte Chemical Corporation/Versalis/Joint Venture. On Thursday 1 August, the European Commission authorised the creation of a joint venture by Lotte Chemical Corporation (South Korea), owned by Lotte (Japan and South Korea), and Versalis SpA (Italy), owned by Eni SpA (Italy). The parties operate in the petrochemicals and chemical industries. The joint venture will operate a petrochemicals complex in South Korea for the manufacture and sale of elastomers....