MBK-owned Homeplus abandons plan for Korean REIT
Homeplus, a South Korean supermarket retailer that an MBK Partners-led consortium acquired from Tesco for $6.4 billion in 2015, has abandoned plans for the IPO of a real estate investment trust (REIT).
The company sought to raise up to KRW1.7 trillion ($1.5 billion), offering approximately 345.5 million shares for KRW4,530-5,000 apiece. The REIT comprised 51 stores to be leased back to Homeplus, which...
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