Woori Finance Holdings Co (WF) has released an update.
Woori Financial Group Inc. has announced its decision to acquire an additional 2,298,895 shares of its subsidiary, Woori Financial F&I Inc., aiming to strengthen its non-banking business and to support its sustainable growth. The transaction, which represents a 0.36% ratio of the purchase price to Woori Financial Group’s total equity, will result in Woori Financial Group owning 100% of Woori Financial F&I Inc. after the purchase is completed on the scheduled date of May 27, 2024.
For further insights into WF stock, check out TipRanks’ Stock Analysis page.
