Lotte Group Weighs $1.6 Billion Sale of China Theme Park
- Korean conglomerate working with adviser to find buyers
- Lotte project was halted amid geopolitical tensions in 2017
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Lotte Group is considering offloading its stalled theme-park project in northeastern China for at least 10 billion yuan ($1.6 billion), according to people familiar with the matter.
South Korea’s largest operator of hotels, theme parks and duty-free stores is working with an adviser to gauge interest from potential investors, the people said, asking not to be named as the information is private.