South Korean private equity fund MBK Partners has been chosen as the preferred bidder for a stake in Hi-mart Co. Ltd., the electronics retailer said in a regulatory filing on Monday, according to a report from Reuters. Major shareholders including Eugene Corp. made the decision, Hi-mart said.

(Reuters) – South Korean private equity fund MBK Partners has been chosen as the preferred bidder for a stake in Hi-mart Co Ltd, the electronics retailer said in a regulatory filing on Monday.

Major shareholders including Eugene Corp made the decision, Hi-mart said.

(Reporting by Joyce Lee; Editing by Edwina Gibbs)