TPG Agrees to Buy South Korea’s Lotte Rental for $925 Million

TPG Capital agreed to acquire a 61.2% stake in Lotte Rental Co. for 1.31 trillion won, equivalent to $925 million. The transaction follows South Korean regulators' rejection of a previous takeover attempt of the country's largest car-rental company. The deal's terms and regulatory approval timeline were not specified in available reports.

Next story