San-eun Suspends KDB Life Sale Process with Hana Financial Group
Hana Financial Group Communicates Intention to Withdraw Acquisition Offer
KDB Kansas Value PEF announced on the 18th that it will suspend the sale process of KDB Life Insurance with Hana Financial Group, the preferred negotiation partner. This decision follows Hana Financial's notification of its intention to withdraw from acquiring KDB Life.
KDB PEF is a private equity fund jointly established by the Korea Development Bank and Kansas Asset Management.
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The Korea Development Bank stated, "As the managing partner of KDB PEF, we plan to devise future handling measures considering efforts to enhance the corporate value of KDB Life Insurance and market conditions."
This content was produced with the assistance of AI translation services.
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