Kakaopay acquires remaining Kakaopay Securities stake for 172.9 billion won, becoming wholly-owned subsidiary to boost operational efficiency
Kakaopay has decided to acquire 2,914,652 shares, representing a 27.1% remaining stake in its subsidiary Kakaopay Securities, for approximately 172.9 billion won in cash. The acquisition amount corresponds to 8.87% of Kakaopay's equity and is scheduled to close on July 20, 2026, following a board resolution.
With this additional stake purchase, Kakaopay Securities will become a wholly-owned subsidiary, streamlining the group's governance structure and accelerating management decision-making. Kakaopay Securities achieved a turnaround in 2025 with consolidated revenue of 241.9 billion won and net profit of 41.0 billion won.
In terms of financial soundness, Kakaopay Securities reported total assets of 2.34 trillion won and total liabilities of 2.14 trillion won, with an unqualified audit opinion. The cash-funded acquisition does not result in any dilution for existing shareholders.
[AI Summary]Kakaopay's acquisition of the remaining stake in Kakaopay Securities as a wholly-owned subsidiary is expected to improve governance and operational efficiency. Although the acquisition size is material at 8.87% of equity, the subsidiary's improving profitability and potential synergies suggest a positive long-term impact on shareholder value.
KOSPI Filing Information
Decision on Acquisition of Stocks and Investment Securities of Other Corporations