Acquiring Company
Shinhan Investment & Securities Ltd
Acquired Company
Lotte Non-Life Insurance
South KoreaFinancial ServicesFinanceLendingBankingFinancial ServicesInsuranceDescription
Shinhan Financial Group has agreed to acquire a 77.04% controlling stake in Lotte Non-Life Insurance for approximately $517 million. This acquisition aims to enhance Shinhan Financial's position in the non-life insurance sector in South Korea.
Who to call at Shinhan Investment & Securities Ltd, and when
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Frequently asked
Who acquired Lotte Non-Life Insurance?
Lotte Non-Life Insurance was acquired by Shinhan Investment & Securities Ltd. The deal was reported on October 13, 2026. Shinhan Investment & Securities is a securities affiliate of Shinhan Financial Group, recognized for its superior performance in corporate finance. Shinhan Investment & Securities Ltd is privately held and operates in Financial Services.
When did Shinhan Investment & Securities Ltd acquire Lotte Non-Life Insurance?
Shinhan Investment & Securities Ltd's acquisition of Lotte Non-Life Insurance was reported on October 13, 2026. Shinhan Financial Group has agreed to acquire a 77.04% controlling stake in Lotte Non-Life Insurance for approximately $517 million. This acquisition aims to enhance Shinhan Financial's position in the non-life insurance sector in South Korea. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lotte Non-Life Insurance do?
Lotte Non-Life Insurance Co. provides a variety of insurance products and services, focusing on non-life insurance coverage. It is part of the larger Lotte Group, which operates across several business sectors including retail and hospitality. It is privately held, operating in Financial Services, and is based in South Korea.
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