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Samsung Electronics Buys TCL CSOT Stake

Samsung Electronics will acquire the stake held by Samsung Display in the Chinese display manufacturer TCL China Star Optoelectronics Technology (TCL CSOT) for approximately 1.3 trillion won…

  • Samsung Electronics to buy 10.16% stake in TCL CSOT for $1 billion
  • Acquisition aims to secure stable LCD panel supply chain
  • Samsung Display exited LCD business in 2021, reducing need for stake

Lotte Group Completes Sale of Lotte Rental to TPG

Lotte Group has completed the sale process of Lotte Rental and secured over 1.3 trillion won (about $1.0 billion) in funds.

  • Lotte Group completes sale of Lotte Rental to TPG for $1.0 billion.
  • Transaction finalized on October 30 after August contract signing.
  • Lotte Rental becomes Lexicon Korea Holdco under TPG ownership.

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