MBK Selected as Preferred Bidder in Himart Sale #RossGeesman·@KoreaPE @resilient_ent #PrivateEquity

A group of Himart shareholders have selected local private equity fund, MBK Partners as preferred bidder for the 65.25 percent stake in the company, reported to be valued at $1.1 billion. The choice has disjointedness Himart shareholders who favored Lotte Shopping, because of the potential synergies between the two retailers. Himart’s shares took a 6.3 percent fall on the news.

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