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