Shinhan Financial to buy 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion
Bitget2026/10/13 10:51- Shinhan Financial Group plans to buy a 77.04% stake in Lotte Non-Life Insurance to make it a subsidiary.
- Transaction values the stake at KRW 693,338,632,300 in cash for 239,082,287 common shares.
- Deal size equals about 1.15% of Shinhan’s equity capital of KRW 60,372,324,867,921 as of Dec. 31, 2025.
- Closing date remains to be set, pending required approvals and completion procedures; final consideration may change at closing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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