Industry
Lotte, Shinsegae to vie for full acquisition of Ministop Korea
Nov. 20, 2018
South Korean retail giants Lotte and Shinsegae are likely to vie for acquiring 100 percent of Ministop Korea, the fourth-largest convenience store chain here in terms of the number of locations. According to Japan’s Aeon Group, the largest shareholder of Ministop Korea, it had received bid proposals from Lotte, Shinsegae and Seoul-based Glenwood Private Equity as of Tuesday. Ministop Korea (Yonhap)A preferred bidder is to be decided in a week, according to Nomura Securities, which was chosen as