South Korea's Lotte Group sells car rental unit to private equity TPG for $925 million

11 Aug 2026 05:17PM SEOUL, Aug 11 : Two affiliates of South Korean conglomerate Lotte Group signed a deal to sell Lotte Rental, South Korea's largest car-rental firm, to U.S. private equity firm TPG, Lotte said on Tuesday. The deal to sell a 61 per cent stake in Lotte Rental is worth 1.31 trillion won ($924.88 million)

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Discussions about landlords selling off their rental properties mainly focus on the Netherlands’ four large cities.