Affinity Equity set to close $1.1 bn purchase of Lotte Rental

Affinity Equity aims to transform Lotte Rental and SK Rent-a-Car into mobility service providers Affinity Equity Partners said on Friday that it will sign a definitive agreement on March 11 with Lotte Group to acquire a 56.2% stake in South Korea’s No. 1 car rental and leasing compa