[Special Stock] Lotte Sonhae Insurance Shows Strength for 2 Consecutive Trading Days Amid Sale Process Initiation
On the 19th, Lotte Insurance showed strong performance in early trading following news that it will begin the sale process next month.
As of 9:30 AM that day, Lotte Insurance's stock price was trading at 2,890 KRW, up 20.92% compared to the previous trading day. This marks a strong rally for two consecutive trading days, following a limit-up price increase the day before.
According to the financial investment industry, JKL Partners, the largest shareholder of Lotte Insurance, has recently started selecting an underwriter for the sale. The full-scale sale process is expected to proceed next month.
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The market estimates the sale price of Lotte Insurance to be around 2.7 trillion to 3 trillion KRW.
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