Industry
Lotte completes sale of Lotte Rental to TPG including management control
Lotte has completed the sale of management control of Lotte Rental. The company said on Oct. 30 it closed a deal to transfer the full 61.2 percent stake held by Hotel Lotte and Busan Lotte Hotel to TPG. The share purchase agreement was signed on Aug. 11. The sale price was 59,000 won per share, for a total of about 1.31 trillion won.
