Deals
Hotel Lotte IPO Said to Be Delayed Amid Probe of Executive
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Lotte Group’s initial public offering of its hotel unit, which may be South Korea’s largest listing on record, will be delayed after reports said a company executive is being investigated, according to people familiar with the matter.
A new timetable for marketing of the IPO, previously scheduled for June 6, hasn’t been set yet, the people said, asking not to be identified as the information is private. A Lotte Group spokesman confirmed that the roadshow schedule will be “adjusted” but declined to comment on the reason.