KDB Life Selected Hana Financial Group as Preferred Bidder for Sale
KDB Kansas Valley PEF (hereinafter KCV PEF) selected Hana Financial Group as the preferred bidder for the sale of KDB Life on the 12th. Hana Financial Group participated in the bidding for the sale of KDB Life, which closed on the 7th. It was selected as the preferred bidder based on eligibility, likelihood of deal completion, and the medium- to long-term development potential of KDB Life.
There are still detailed due diligence procedures remaining for the preferred bidder side due to changes in insurance accounting and supervisory systems this year. As the managing partner of KCV PEF, KDB Industrial Bank plans to work closely with the preferred bidder to ensure the completion of this transaction.
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KDB Industrial Bank stated, "If this transaction is completed, KDB Life is expected to secure a stable foundation for future growth by restarting as a member of Hana Financial Group, which has an extensive personal finance network."
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