South Korea’s Hi-Mart attracts interest from Tesco – report
Hi-Mart, the South Korean electronics retailer that Affinity Equity Partners exited in 2008, is about to change hands once again, with UK retailer Tesco tipped to bid for the asset. Several South Korean retailers are also said to be interested, as are some private equity firms, although the latter may struggle to finance the deal.
Hi-Mart's three major shareholders, including Eugene Corp, which bought the company from Affinity and Government of Singapore Investment Corp. (GIC), have appointed Citigroup to advise on the sale, Reuters...
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