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Korean media: TPG in talks to acquire Lotte Rental for over 1 trillion won

MarsBitNews
According to the Korea Economic Daily citing anonymous industry sources, private equity firm TPG is conducting exclusive due diligence to acquire a controlling stake in Lotte Rental from Lotte Group; if no major obstacles arise, the two parties may sign a share purchase agreement by the end of July. Lotte Hotel and Busan Lotte Hotel collectively hold a 61.18% stake in Lotte Rental, which is being put up for sale as a whole; the transaction is valued at approximately 1.5 trillion Korean won. (Sina Finance)
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