Lotte completes sale of Lotte Rental to TPG for 1.31 trillion won

Lotte Group closed the sale of its 61.2% stake in Lotte Rental to US private equity firm TPG, raising 1.3105 trillion won (about $1 billion). The buyer is Lexicon Korea Holdco, an SPV set up by TPG, after approval from Korea's Fair Trade Commission. Lotte has raised roughly 1.7 trillion won from asset sales this year.

• TPG acquired 61.2% of Lotte Rental; deal closed October 30
• Sale proceeds totaled 1.3105 trillion won (~$1 billion)
• Lotte has raised about 1.7 trillion won from asset sales in 2026
• Funds support restructuring toward higher-value businesses