TPG Capital agrees to acquire South Korea’s Lotte Rental for $925 million. The deal involves purchasing a 61.2% stake in Lotte Rental Co., valuing the company at 1.31 trillion won, according to reports.
The transaction revives an earlier attempt to sell the business after regulators blocked a prior takeover earlier in the year. The new agreement follows a period in which the sale process is delayed by regulatory review, with the latest terms moving forward under the approval framework that halted the earlier deal. News coverage focuses on the deal size and the renewed progress toward closing, while also noting the role of regulators in shaping the timeline.
Overall, outlets converge on the same core figures and ownership stake, describing the agreement as a major step in the sale of one of South Korea’s largest car-rental operators by Lotte Group.
