Mergers & Acquisitions ·
Shinhan Financial denies reports of acquiring Lotte Insurance, says no final decision made
SHGShinhan Financial Group Co Ltd
Shinhan Financial Group issued this disclosure to address media reports from The Korea Economic Daily regarding a potential acquisition of Lotte Insurance. While the company is evaluating measures to improve its non-bank competitiveness, it stated that no final decisions have been made concerning the acquisition. The Group intends to provide further updates once details are determined or within one month. Shinhan Financial Group is a financial services company providing banking, insurance, and investment services.