Wednesday 24 April 2024
 
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Lotte

Lotte may shelve $4.5bn hotel IPO amid crisis

Lotte Group indicated it will shelve what may have been a $4.5 billion initial public offering, the world’s biggest so far this year, for its hotel unit after widening investigations pushed the South Korean conglomerate deeper into crisis,

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S Korea's Hotel Lotte plans $4.9bn IPO

South Korea's Hotel Lotte plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what would be the world's biggest initial public offering since late 2015. The sprawling L

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Lotte consortium wins Doha metro contract

A consortium comprising Korea's Lotte Engineering & Construction, Rizzani de Eccher of Italy and Redco of Qatar, has won a major metro project worth $609 million from Qatar Railways Company, said a report. Lotte said the c

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