Lotte Group aims to sell Lotte Mart stores in China by year-end -exec

Lotte

12/10/2017 02:31

SEOUL, Oct 12 (Reuters) - South Korea's Lotte Group aims to 
sell its Lotte Mart stores in China by the end of this year, an 
executive said on Thursday, adding that several companies have 
expressed interest in the troubled assets. 
    "We are in detailed talks with some of those companies," the 
executive, Lim Byung-yun, said at a press briefing.   
    Lotte Shopping  023530.KS  has picked Goldman Sachs  GS.N  
to manage the sale of its hypermarkets and supermarkets in 
China, after most of them were shut down amid political tensions 
between the two countries.  urn:newsml:reuters.com:*:nL4N1LV36W 
 
 (Reporting by Hyunjoo Jin; Editing by Joseph Radford) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: LOTTEMART CHINA/SALE