[Alpha Biz=(Chicago) Reporter Paul Lee] Woori Financial Group took its first step toward expanding its portfolio in the non-banking sector as it acquired a 52% stake in Daol Investment. It plans to actively expand non-banking profits by increasing investment through Daol Investment, which has become the 15th subsidiary.
Woori Financial Group announced on the 27th that it signed a SPA with Daol Financial Group to acquire a 52% stake in Daol Investment's management rights. The purchase amount is 212.5 billion won.
Woori Financial Group will close the deal on the day of Daol Investment's regular shareholders' meeting scheduled for the 23rd of next month and incorporate it as its 15th subsidiary. Woori Financial Group and Daol Financial Group plan to actively cooperate with each other even after the transaction is closed.
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