Antitrust Regulator Halts Affinity-Backed Takeover of Lotte Rental

SEOUL, Jan. 26 (Korea Bizwire) – South Korea’s antitrust watchdog said Monday that it has decided to block a Singapore-based private equity fund (PEF) from acquiring the country’s largest vehicle rental company, citing concerns that the deal would significantly restrict market competition. Careena Transportation Group Ltd., controlled by private equity firm Affinity Equity Partners, has been [...]