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Finance

KB Securities consortium named preferred bidder for Homeplus Yeongdeungpo store purchase

A consortium led by KB Securities was named the preferred bidder for the purchase of the Homeplus Yeongdeungpo store, it said on April 28. The consortium plans to establish a project financing investment vehicle in May and complete procedures for signing the main contract and paying the deposit. It then plans to raise a bridge loan in July to secure ownership and develop apartments on the site after approvals.

Industry

Homeplus Express bid takes new turn as Mega MGC Coffee operator emerges

The sale process for Homeplus\' SSM chain Homeplus Express has entered a new phase, with two buyers submitting letters of intent, industry sources said. Mega MGC Coffee operator MGC Global has also been mentioned as a potential bidder. Homeplus has not disclosed participants or terms, and additional submissions may still be possible. The company has highlighted Express as a quick-commerce hub, citing 293 stores and sales growth and EBITDA figures over four years.

Industry

Homeplus Express letter of intent submission deadline closes, multiple bidders file

Homeplus said on Monday that the deadline for submitting letters of intent to acquire Homeplus Express had closed. The company said it had confirmed that multiple companies submitted letters of intent. Homeplus said it is proceeding with the sale of the convenience store unit and expects additional submissions from other potential bidders depending on how the process progresses. It said bidder names and detailed terms were not disclosed as talks are ongoing.