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Hanwha Life to acquire Acuon Capital and Acuon Savings Bank
Hanwha Life has approved the acquisition of Acuon Capital from the global private equity firm EQT. The deal is being conducted in partnership with Centroid Investment Partners. Hanwha Life intends to acquire 17.51 million shares for approximately 440 billion won, which will result in a 50.54% stake in the company.
Through this acquisition, Hanwha Life will also gain control of Acuon Savings Bank, as the capital firm holds a 100% stake in the savings bank. This move is part of a broader strategy to transform Hanwha Life into a comprehensive financial group by integrating credit finance into its existing portfolio of insurance, securities, and asset management.
Additionally, Hanwha Life's board approved participation in a capital increase for its affiliate, Hanwha Investment & Securities. Hanwha Life and Hanwha Asset Management will each contribute 250 billion won. This capital injection is intended to strengthen the securities firm's competitiveness and support its candidacy for designation as a comprehensive financial investment business.
Entities
Acuon Capital · Centroid Investment Partners · EQT · Hanwha Investment & Securities · Hanwha Life
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Hanwha Life will acquire 17.51 million shares of Acuon Capital for 440 billion won. www.sportschosun.com · www.hani.co.kr
- [● 3 SOURCES] The deal includes Acuon Savings Bank, which is 100% owned by Acuon Capital. www.sisajournal.com · www.sportschosun.com · www.hani.co.kr
- [● 3 SOURCES] The acquisition is a joint venture with Centroid Investment Partners. www.sisajournal.com · www.sportschosun.com · www.hani.co.kr
- [○ 1 SOURCE] Hanwha Investment & Securities plans to raise 500 billion won through a third-party allotment capital increase. www.hani.co.kr
- [● 3 SOURCES] Hanwha Life's board approved the acquisition of management rights for Acuon Capital. www.sisajournal.com · www.sportschosun.com · www.hani.co.kr
- [● 2 SOURCES] Hanwha Life's stake in Acuon Capital will be 50.54% after the acquisition. www.sportschosun.com · www.hani.co.kr
- [● 2 SOURCES] The capital increase aims to position Hanwha Investment & Securities as a candidate for a comprehensive financial investment business. www.sportschosun.com · www.hani.co.kr
- [● 2 SOURCES] Hanwha Life and Hanwha Asset Management will each invest 250 billion won in Hanwha Investment & Securities. www.sportschosun.com · www.hani.co.kr