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Key dates and core tasks related to the Homeplus open bidding process have been compiled.
Homeplus’s open bidding process is set to begin in earnest.
Homeplus, which has been pursuing a merger and acquisition (M&A) under corporate rehabilitation procedures, has shifted to an open bidding process after failing to secure a suitable buyer through the stalking horse method.
The deadline for submitting letters of intent is October 31. Preliminary due diligence will take place from November 3 to 21, with bid submissions due on November 26.
Industry observers are expressing caution regarding this transition.
Declining competitiveness in offline retail
Deteriorating financial structure due to prolonged losses
Lower CAPEX investment compared to emart and additional investment burdens
These factors are being highlighted as key challenges in the Homeplus sale.