MBK-Woori consortium to buy 80% stake in Lotte's credit card unit

MBK-Woori consortium to buy 80% stake in Lotte's credit card unit

Photo: REUTERS/Kim Hong-Ji

South Korean chaebol Lotte Corp has agreed to sell 79.83 per cent in card payments firm Lotte Card to a consortium of private equity firm MBK Partners and Woori Bank for W1.38 trillion ($1.16 billion), according to its announcement.

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