Woori Financial Group Effectively Privatized... KODIT Transfers Remaining Shares to Successful Bidder

[Asia Economy Reporter Song Seung-seop] On the 9th, the Korea Deposit Insurance Corporation transferred 9.33% (67,941,483 shares) of Woori Financial Group stock to five selected bidders and received 897.7 billion KRW.

The companies involved were Eugene Private Equity (4%), KTB Asset Management (2.33%), Align Partners Consortium (1%), Dunamu (1%), and Woori Financial Group Employee Stock Ownership Association (1%).

Through this sale, KDIC recovered 12.3 trillion KRW out of the 12.8 trillion KRW of public funds injected into Woori Financial Group. The recovery rate stands at 96.6%.

KDIC's shareholding decreased from 15.13% to 5.80%. Having lost its status as the largest shareholder, the complete privatization of Woori Financial Group was effectively achieved.

Meanwhile, the five companies including Eugene Private Equity were selected as successful bidders in the auction for the remaining shares of Woori Financial Group held on the 22nd of last month.

This content was produced with the assistance of AI translation services.