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Korea M&A Corporation
Lotte Group is considering offloading its stalled theme-park project in northeastern China for at least 10 billion yuan ($1.6 billion), according to people familiar with the matter. South Korea’s largest operator of hotels, theme parks and duty-free stores is working with an adviser to gauge interest from potential investors, the people said, asking not to be named as the information is private...
SOUTH Korea's largest retailer Lotte Shopping Co plans to acquire a stake in a Chinese discount-store chain to expand its presence on the Chinese mainland, the Seoul-listed company said in a regulatory filing yesterday. Lotte agreed to buy a 49-percent stake in CTA Makro, which now operates five discount stores in Beijing and two in Tianjin, from SHV Holdings NV for 57.6 million euros (US$82.90 ..