Shinhan Financial Group Selected as Preferred Negotiator for Acquisition of Doosan Neoplux
[Asia Economy Reporter Changhwan Lee] Shinhan Financial Group is pursuing the acquisition of Doosan Group's venture capital firm 'Neoplux'.
Shinhan Financial stated on the 28th, "We were recently selected as the preferred bidder for the acquisition of Neoplux," adding, "The actual acquisition will be decided after due diligence and other procedures."
The acquisition price for Neoplux, a Doosan Group affiliate in which Doosan Co., Ltd. holds about 97% of the shares, is reported to be around 70 billion KRW.
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Shinhan Financial, which does not have a venture capital affiliate, is said to have been searching for targets in the mergers and acquisitions (M&A) market to secure a venture capital firm.
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