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Hotel Lotte to list in largest Korea IPO since 2010

Move comes amid group chairman's power struggle with his elder brother for control

The Korea Stock Exchange expects the current IPO to give momentum to other Lotte Group affiliates including Lotte Data Communication Co, Korea Seven Co, and Lotteria Co to list their shares.


HOTEL Lotte Co, the lodgings and duty-free sales unit of conglomerate Lotte Group, could go public as soon as May, the Korea Stock Exchange said after approving its listing application, setting the stage for potentially the largest South Korean public offering since 2010.