Shortlist of bidders for W100b deal to be announced in coming weeks A Missha outlet in Seoul (Able C&C)Competition is heating up to acquire a controlling stake in Able C&C, the operator of a slew of Korean budget cosmetics brands, with global beauty giants such as L'Oreal and LVMH reportedly joining the race.Five to six strategic investors recently submitted their letters of intent to purchase 59.2 percent of shares in Able C&C, currently owned by IMM Private Equity, according to industry sources on Friday.

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