PE Deals

Interpark Preferred Bidder for iMarketKorea

By
cnolan
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Beating private equity firms such as MBK Partners, online shopping mall operator Interpark has been named the preferred bidder for Samsung Group’s procurement arm iMarketKorea Inc., Reuters reported.

(Reuters) – Online shopping mall operator Interpark has been named the preferred bidder for Samsung Group’s procurement arm iMarketKorea Inc , a media report said, beating private equity firms such as MBK Partners.

MoneyToday reported on Monday that Samsung Group’s nine affiliates, which own a 58.7 percent stake in the firm, plan to hold a board meeting to approve the selection.

A spokesman at Interpark said the firm was looking into the report.

(Reporting by Jumin Park; Editing by Jonathan Hopfner)