Shinhan Financial Group buys 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion

Bitget2026/10/13 03:46

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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 subject to change until 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 DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261013800171), 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 Group buys 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion

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