Shinhan Financial to buy 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion
SHG•Shinhan Financial Group plans to buy a 77.04% stake in Lotte Non-Life Insurance for KRW 693.34 billion in cash, making it a subsidiary. Closing is pending approvals and completion procedures, and the final consideration may change.
1. Proposed insurance acquisition
Shinhan Financial Group plans to acquire 239,082,287 common shares, representing a 77.04% stake in Lotte Non-Life Insurance, for KRW 693,338,632,300 in cash. The deal is about 1.15% of Shinhan’s equity capital of KRW 60,372,324,867,921 as of Dec. 31, 2025. The closing date has not been set and is subject to required approvals and completion procedures; final consideration may change at closing.
