A view of a Homeplus Co. Express store in Seoul. /Courtesy of News1

This article was posted on the ChosunBiz MoneyMove MM site at 3:30 p.m. on Apr. 21, 2026.

The final bid for the sale of Homeplus Co. Express was completed on the 21st, and it appears that valid competition was established.

According to the investment banking industry, multiple firms submitted letters of intent (LOIs) in the final bid for the sale of Homeplus Co. Express, which ran until 3 p.m. that day.

In the preliminary bid for the sale of Homeplus Co. Express held by Samil on the 31st of last month, two strategic investors (SIs) submitted letters of intent (LOIs). One of them is MGC Global (formerly An House), which operates the low-priced coffee brand "MEGA MGC COFFEE," and the other is a distribution corporation based in the Gyeongnam region.

Samil will report the results of this final bid to the Seoul Bankruptcy Court and, after discussions with the court, will finalize the short list of qualified bidders and select the preferred negotiation party, and will make final adjustments to the detailed sale schedule going forward.

※ This article has been translated by AI. Share your feedback here.