Lotte will spend 270 billion won to acquire Buy The Way

01/25/2010 | Bloomberg

Lotte Group will pay roughly 270 billion won to buy South Korea's Buy The Way, a convenience-store chain, from Unitas Capital. "There should be economies of scale by purchasing products jointly with Lotte Mart and Lotte Super, giving them more pricing power," said an analyst at Taurus Investment & Securities. "The price tag seems to be at an appropriate level."

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