Expected Acquisition of Life Invester’s Stake
Share Price Estimated at 200,000 to 230,000 KRW per Share
Regulatory Approval Required for Foreign Ownership Exceeding 20%
Negative Sentiment Toward Japanese Capital and Put Option Dispute as Variables
Japanese SBI Holdings is expected to expand its stake in Kyobo Life Insurance to 20%. It is anticipated to purchase shares owned by the Ontario Teachers’ Pension Plan (OTTP) of Canada and a foreign special purpose company (SPC). However, under domestic insurance law, foreign shareholders need approval from financial authorities to increase their stake, which remains a variable.
According to the investment banking (IB) industry on the 18th, SBI Holdings is expected to acquire Kyobo Life shares held by OTTP and Life Invester. Their respective shareholdings are 7.62% and 2.30%. The purchase price SBI Holdings will pay…
