IFLR1000

Hotel Lotte W1 trillion acquisition of KT Rental

31/5/2015
Private acquisition
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W 1.02 trillion

$ 894 million

Completed

31/5/2015

Overview:

  • Hotel Lotte has acquired KT Rental for W1 Trillion ($894 million)
  • The sale enables KT Rental's previous owner KT Corp to focus on its main telecommunications business.
  • Lotte Hotels and Resorts is a South Korean international luxury hotel chain operated by South Korean multinational conglomerate Lotte Group. 

Katrin Kostadinova - Data analyst

Jurisdiction:

South Korea

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

South Korea

Industry sector:

Automotive

Firms:
Lee & Ko

Party: Hotel Lotte (Acquirer)

Yulchon

Party: KT Rental (Target)

Party: KT (Seller)

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