Shinsegae Inc. and E-Mart Inc. will acquire the entire stake in SSG.com held by financial investor Olympus First for approximately 1.27 trillion won. The deal aims to improve e-commerce efficiency and enhance corporate value.
Shinsegae Group's E-Mart and Shinsegae will jointly acquire the entire stake in SSG.com held by financial investor Olympus No. 1 Special Purpose Company for approximately 1.27 trillion KRW. This move aims to enhance SSG.com's growth potential and operational efficiency.
Shinsegae announced on the 11th that it will acquire an additional 459,456 shares of its e-commerce affiliate SSG.com for approximately 443.6 billion won. This acquisition will increase Shinsegae's stake in SSG.com to 34.9%.
