Korea's Hanwha Life to buy 40% stake in Lippo Group-backed Bank Nobu

Korea's Hanwha Life to buy 40% stake in Lippo Group-backed Bank Nobu

Bank Nobu app. Source: Company website

Hanwha Life, a life insurer under the South Korean conglomerate Hanwha Group, plans to acquire a 40% stake in the Lippo Group-backed Indonesian lender Bank Nobu, according to an announcement.

Edited by: Pramod Mathew