Lotte Group acquires Ministop ‘in front of you’… ‘Advanced’ in bid Shinsegae

[아이뉴스24 김승권 기자] Lotte Group (7-Eleven) occupied an advantageous position to acquire Ministop. Lotte Group is in the position that nothing has been decided yet, but the industry is saying that Lotte’s bid is the highest as in the last bid.

According to the investment banking (IB) industry and the distribution industry on the 17th, Japan’s Aeon Group and the sales manager Samil PwC are struggling with Lotte Group as the final preferred bidder.

In the recent bid for the sale of Ministop, E-Mart 24, a subsidiary of E-Mart, and a consortium of Nepston Holdings, competed with Lotte Group because Lotte Group offered the highest price.

It is said that Lotte Group offered 300 billion won for a 100% stake in Korea Ministop, giving it a price advantage over the other two companies, which were only around 200 billion won.

Ministop initially promoted the sale in 2018, but withdrew. At that time, in the bid before the acquisition of Ministop, Lotte Group wrote the highest acquisition price of 430 billion won, but it is known that Aeon Group wanted a higher price than that.

Following 2018, Lotte Group is gaining momentum this year as well, showing an edge in the acquisition bid price. If Lotte Group acquires Ministop, 7-Eleven could solidify its third position in the industry.

A Lotte Group official said, “It is true that Ministop is participating in the main bidding and is under review, but nothing has been notified or decided yet.”