Shinhan Financial Agrees to Buy 77.04% Stake in Lotte Non-Life Insurance

Bitget2026/10/20 06:21

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Shinhan Financial Group agreed on Oct. 13, 2026, to acquire a 77.04% stake in Lotte Non-Life Insurance.
The purchase covers 239,082,287 voting shares at KRW 2,900 each.
Shinhan will fund the KRW 693.34 billion acquisition with existing cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lotte Non-Life Insurance Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261020000204), on October 20, 2026, and is solely responsible for the information contained therein.

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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Shinhan Financial Agrees to Buy 77.04% Stake in Lotte Non-Life Insurance

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