KCGI Co., Ltd. signed a contract to acquire Meritz Asset Management Co., Ltd. from Meritz Financial Group Inc. (KOSE:A138040) on January 6, 2023. The terms of the deal were not disclosed however industry speculation pegs the deal value of KRW 50 billion, as reported by www.kedglobal.com. Meritz Financial Group will sell 2.646? million shares in Meritz Asset Management Co. and will hold no stake in Meritz Asset Management Co. post transaction.

KCGI Co., Ltd. completed the acquisition of Meritz Asset Management Co., Ltd. from Meritz Financial Group Inc. (KOSE:A138040) on July 12, 2023.