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Shinsegae Co., Ltd. Acquires CENTRAL CITY CO.,TLD.
Shinsegae Co., Ltd. announced that it has acquired 36,011,739 shares of CENTRAL CITY CO.,TLD., which is mainly engaged in the real estimate lent and terminal business, for KRW 1,025 billion, representing a 60.02% stake, to secure stable operating rights. The transaction settlement date is October 16, 2012.
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