Shinhan Financial to buy 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion

Bitget2026/10/13 10:51

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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: 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. Shinhan Financial Group Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-419664), on October 13, 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 to buy 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion

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