Fubon Life Insurance Co., Ltd. agreed to acquire 4.2% stake in Woori Financial Group Inc. (KOSE:A316140) from Woori Bank for approximately KRW 360 billion on September 25, 2019. As per the terms, Woori Bank will dispose 28.9 million shares of Woori Financial. The transaction is expected to be completed on September 26, 2019. Goldman Sachs (Asia) LLC acted as financial advisor to Woori Financial Group Inc.