Lotte Rental Confirms TPG Due Diligence; Shares Down 3%

MT Newswires Live

07/02

Lotte Rental (KRX:089860) confirmed discussions regarding the potential sale of its shares to US private equity firm TPG, according to a Thursday Korean bourse filing.

Responding to reports by Korea Economic Daily and other media outlets, the company said no specific terms have been agreed.

Shares of the vehicle rental company fell nearly 3% in recent trade.

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