Under the deal, The China Post reported that Fubon will buy nearly 37 million Hyundai Life shares through a rights issue by Hyundai Life Insurance.

Following the closing of the deal, Fubon Life is expected to get five of the 11 seats on the board of directors of the South Korean insurer.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Hyundai Motor Group, which owns a 50% stake in the insurer, will hold the remaining seats.

The remaining 2% stake of the insurer will reportedly be owned by minority shareholders.

The deal is subject to approval from governments of both the countries.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.