MBK to buy Modern House from Korea's E-Land for $626m
MBK Partners has agreed to buy Modern House, the household and consumer goods unit of Korean retail giant E-Land Group, for KRW700 billion ($626 million).
E-Land will use proceeds from the deal to pay down its debt, according to a statement widely cited by local media. The company has made a number of deals aimed at reducing its liabilities, including last...
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