Acquiring Company
Shinhan Financial Group
Acquired Company
Lotte Non-Life Insurance
South KoreaSouth KoreaFinancial ServicesFinanceLendingBankingInsuranceFinancial ServicesInsuranceDescription
Shinhan Financial Group has officially acquired a 77.04% stake in Lotte Non-Life Insurance for KRW 693.3 billion. The acquisition is part of Shinhan's strategy to strengthen its non-banking and insurance operations. Following the acquisition, Shinhan plans to merge Lotte with Shinhan EZ General Insurance to enhance synergies and operational efficiencies. The deal is expected to create a more competitive insurance entity while maintaining existing customer services.
Quick answer
Shinhan Financial Group is acquiring Lotte Non-Life Insurance, announced October 13, 2026. Shinhan Financial Group is based in South Korea.
- How much did Shinhan Financial Group pay for Lotte Non-Life Insurance?
- The deal value was not disclosed.
- What does Shinhan Financial Group do?
- Shinhan Financial Group is a major South Korean financial holding company offering a comprehensive range of financial services.
- Where are Shinhan Financial Group and Lotte Non-Life Insurance based?
- Shinhan Financial Group is based in South Korea. Lotte Non-Life Insurance is based in South Korea.
- Who are the decision-makers at Shinhan Financial Group?
- Fundz holds 1 contact at Shinhan Financial Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Shinhan Financial Group, and when
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Frequently asked
Who acquired Lotte Non-Life Insurance?
Lotte Non-Life Insurance was acquired by Shinhan Financial Group, based in South Korea. The deal was reported on October 13, 2026. Shinhan Financial Group is a major South Korean financial holding company offering a comprehensive range of financial services. It focuses on banking, insurance, and asset management. Shinhan Financial Group is publicly traded (SHG) and operates in Financial Services.
When did Shinhan Financial Group acquire Lotte Non-Life Insurance?
Shinhan Financial Group's acquisition of Lotte Non-Life Insurance was reported on October 13, 2026. Shinhan Financial Group has officially acquired a 77.04% stake in Lotte Non-Life Insurance for KRW 693.3 billion. The acquisition is part of Shinhan's strategy to strengthen its non-banking and insurance operations. 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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