Lotte outbids PE, strategics for KT Rental with $908m deal
Lotte Group has agreed to buy South Korean car rental firm KT Rental from KT Corp. and other investors for KRW1.02 trillion ($908 million), beating out several other private equity and strategic players.
Lotte, a Korean conglomerate with interests spanning tourism, construction, food and finance, announced the acquisition in a regulatory filing. KT Corp. said in a separate filing that it would sell its...
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