PE-backed Tongyang Life bids for LIG Insurance
Tongyang Life Insurance, a South Korean insurer majority-owned by Vogo Investment, is among the preliminary bidders for a controlling stake in LIG Insurance.
Tongyang confirmed its participation in the auction, adding that further details have yet to be determined. According to Reuters, the deal could be worth at least KRW400 billion ($373 million), with Lotte...
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