Block Deal Sale Of 2.3% Stake in Woori Financial and Highlights of Its Corporate Value Up Program
On 30 July, it was reported that IMM Private Equity (PE) sold a 2.3% stake (16.78 million shares) of Woori Financial Group (WFG), which was worth 264 billion won.
Block deal sale price was 15,737 won (0.4% higher than current price). Today's block deal sale represents a second block deal sale of Woori Financial by IMM PE in 2024.
Under the mid-to-long term Value Up program, Woori Financial Group aims to achieve a sustainable ROE of 10% and total shareholder returns of 50%.
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