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Lotte joins race for LIG acquisition

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(Globalpost/GlobalPost)

SEOUL, Jan. 13 (Yonhap) -- Lotte Group, a conglomerate whose businesses range from fast food to retail and construction, has joined the race to take over LIG Insurance Co., a local non-life insurer, industry sources said Monday.

According to the sources, Lotte picked Swiss banking giant Credit Suisse as its financial advisor for the acquisition, Ernst

http://www.globalpost.com/dispatch/news/yonhap-news-agency/140112/lotte-joins-race-lig-acquisition