Unitas exits Buy The Way – to Lotte
Unitas Capital’s much-discussed auction of its flagship Korean retail investment, convenience store chain Buy The Way, has been agreed – with the inking of a sale contract to local retail conglomerate Lotte Group for around KRW275 billion ($238 million).
This sale to a strategic takes the nine other potential buyers rumored to be bidding for the asset, reportedly including the Carlyle Group and rival Korean retail chain Ministop, out of the picture. ...
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