(LEAD) TPG to take Lotte Rental private via tender offer

Yonhap News Agency · Choi Kyong-ae · 2026-11-06 07:53 UTC

SEOUL, Nov. 6 (Yonhap) -- U.S. private equity firm Texas Pacific Group (TPG) wil...

(ATTN: UPDATES with details in last para)

SEOUL, Nov. 6 (Yonhap) -- U.S. private equity firm Texas Pacific Group (TPG) will acquire the remaining shares in South Korea's leading car rental company, Lotte Rental Co., through a tender offer by early next month, the company said Friday.

TPG's wholly owned special purpose vehicle (SPV), Lexicon Korea Holdco Inc., plans to purchase 14 million shares, or a 38.83 percent stake, in Lotte Rental at 59,000 won (US$43.50) per share during the tender offer period from Friday through Dec. 3, according to a regulatory filing.

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