Mergers & Acquisitions ·
Shinhan Financial Group issued a supplemental disclosure regarding rumors about a potential acquisition of Lotte…
SHGShinhan Financial Group Co Ltd
Shinhan Financial Group issued a supplemental disclosure regarding rumors about a potential acquisition of Lotte Insurance. The company stated that while it continues to review measures to enhance its non-bank competitiveness, no decision has been made regarding the acquisition. Shinhan Financial Group will make further disclosures when relevant matters are determined or within three months from the date of this disclosure. The company operates in the financial services industry, providing banking and insurance products.