PE-backed Homeplus withdraws $1.5b REIT listing on weak demand

PE-backed Homeplus withdraws $1.5b REIT listing on weak demand

Photo: Reuters

Homeplus Co., backed by private-equity firm MBK Partners Ltd., has withdrawn a planned real estate investment trust listing, dashing hopes that the retailer would transform South Korea’s nascent REIT market with the country’s biggest-ever deal.

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