- Woori Financial (NYSE:WF) picks 74.04% stake (42.61M shares) in Aju Capital, a financial services company for cash consideration of KRW572.42B to strengthen the business competitiveness of Woori Financial Group.
- After completion of the acquisition, Aju Capital will become a wholly owned subsidiary of the company and Aju Savings Bank, a wholly-owned subsidiary of Aju Capital with ~12.160M shares, is expected to become a second-tier subsidiary of Woori Financial Group.
- The date of transaction is currently undecided.
- Press Release