PT Lotte Packaging signed an agreement to acquire the bi-axially oriented polypropylene unit of PT. Titan Kimia Nusantara Tbk (JKSE:FPNI) on April 11, 2011. The terms of the deal were not disclosed. As of April 7, 2011, the transactioin is approved by Board of Commissioner of Titan Kimia and is subject to consideration under Bapepam-LK regulation on affiliated transaction and conflict of interest. PT Lotte Packaging cancelled the acquisition of the bi-axially oriented polypropylene unit of PT. Titan Kimia Nusantara Tbk (JKSE:FPNI) on April 11, 2012.