Lotte Insurance Headquarters Building.
Woori Financial Group has decided to withdraw from the main bid for Lotte Insurance, shifting its focus to acquiring Tongyang Life Insurance and ABL Life Insurance. This decision, announced on June 29, has significantly impacted the ongoing acquisition battle for Lotte Insurance, a major M&A deal valued at trillions of won.
According to the financial sector, JP Morgan, the lead manager for the sale of Lotte Insurance, conducted the…
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Source: https://www.businesskorea.co.kr/news/articleView.html?idxno=220199