Lotte Shopping picks Goldman to manage sales of supermarkets in China

Lotte Shopping picks Goldman to manage sales of supermarkets in China

South Korea's Lotte Shopping has picked Goldman Sachs to manage the potential sales of its supermarkets in China, an official at the parent group said on Thursday.

A view of the Ciputra World 1, Lotte Shopping Avenue, shopping mall in Jakarta, Indonesia June 26, 2016. Picture taken June 26, 2016. REUTERS/Iqro Rinaldi

SEOUL: South Korea's Lotte Shopping has picked Goldman Sachs to manage the potential sales of its supermarkets in China, an official at the parent group said on Thursday.

The official added that it had not been decided whether the retailer would sell all of its supermarkets in China or part of them.

Lotte Shopping previously said it was considering selling its supermarkets in China and other options should political tensions between Seoul and Beijing continue next year.

(Reporting by Hyunjoo Jin; Editing by Himani Sarkar)

Source: Reuters