Interpark Preferred Bidder for iMarketKorea

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)