Lotte to sell its mainland supermarkets by year-end

South Korean conglomerate Lotte Group said on Thursday that it expects to sell its Lotte Mart stores in China by the end of this year.

The company has received interest from several buyers for its China stores and was evaluating the proposals, according to a Reuters report.

"We are in detailed talks with some of those companies," Lim Byung-yun, an executive vice-president at Lotte Corp, the group's newly launched holding company, said at a news conference.