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New Deal


Announced

Shinhan Financial Group to acquire 10% stake in Tiki.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Single Bidder

Acquisition

Minority

Private

Pending

E-commerce

e-commerce

Vietnam

Friendly

Synopsis

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Shinhan Financial Group, a financial services company, agreed to acquire 10% stake in Tiki, an e-commerce platform. Financial terms were not disclosed. "By forming a strategic alliance with Tiki, Shinhan will diversify its customer base, upgrade credit evaluation systems based on non-financial information, and cope better with the digital environment. Based on Shinhan’s financial expertise and Tiki’s database in a broad range of areas, we are expecting to build a new converged digital ecosystem in Vietnam,” Shinhan.

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