This post explores and investigates immediate-term block deal dynamics involving Korea's top three financial holding companies.
Boomeranged on Wed, 6 Mar 2024 19:21
Bearing PE is selling half of its stake in Shinhan Financial Group through a block deal, involving 9,297,000 shares. The expected per-share sale price will be discounted by 2-4% from today's closing price, ranging from 43,776 to 44,688 won. The deal's total value is estimated between 407 billion and 415.5 billion won. Word on the street is that Eugene's Woori deal might be the next in line.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.