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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
Shinhan Financial Group agreed to buy Big Tura’s entire 77.04% stake in Lotte Non-Life Insurance. The deal covers 239,082,287 common shares for KRW 693.34 billion. * Signing took place on Oct. 13, 2026. * Closing is expected once required approvals and other closing conditions are met. Disclaimer: This news brief was c
Shinhan Financial Group moved to buy 239,082,287 Lotte Non-Life Insurance shares for KRW 693.34 billion, targeting subsidiary status. Stake would rise to 77.04%, giving Shinhan management participation control in the insurer. Board decision dated Oct. 13, 2026; transaction to be funded in cash. Purchase price remains s