Yonhap Infomax News4d ago
Affinity Equity Partners abandons 1.573 trillion won Lotte Rental acquisition after KFTC rejection, with headquarters removing Korea head and blocking SK Rent-a-Car sale plan, leaving Lotte Group facing resale at potentially lower prices while Affinity avoids penalty liability under contract terms.
#YonhapInfomax #AffinityEquityPartners #LotteRental #SKRentACar #KFTC #CorporateMerger #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=112368
Affinity's Lotte Rental Acquisition, SK Rent-a-Car Sale Both Collapse - Leadership Shaken

Affinity Equity Partners abandons 1.573 trillion won Lotte Rental acquisition after KFTC rejection, with headquarters removing Korea head and blocking SK Rent-a-Car sale plan, leaving Lotte Group facing resale at potentially lower prices while Affinity avoids penalty liability under contract terms.

Yonhap Infomax
Yonhap Infomax NewsJan 26
South Korea’s Fair Trade Commission has blocked Affinity Equity Partners’ bid to acquire Lotte Rental, citing concerns that the merger with SK Rent-a-Car would restrict competition in the domestic rental car market.
#YonhapInfomax #KFTC #LotteRental #SKRentACar #MarketShare #AffinityEquityPartners #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101983
KFTC Blocks SK Rent-a-Car–Lotte Rental Merger on Competition Concerns

South Korea’s Fair Trade Commission has blocked Affinity Equity Partners’ bid to acquire Lotte Rental, citing concerns that the merger with SK Rent-a-Car would restrict competition in the domestic rental car market.

Yonhap Infomax