Lotte Shopping buys department stores from POSCO
Lotte hotel
Seoul - Yonhap
Lotte Shopping, the flagship of retail conglomerate Lotte, said Thursday it has signed a deal to buy two department stores in Korea and Vietnam from POSCO affiliates, a move that is expected to strengthen its international expansion.
Under the deal, Lotte Shopping is set to acquire "Diamond Plaza," a multipurpose property in Ho Chi Minh City, Vietnam, from POSCO Engineering and Construction, the company said in a press release.
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