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Shinsegae Group acquires more stake in Starbucks Korea ANI 28 Jul 2021, 13:18 GMT+10 Seoul [South Korea], July 28 (ANI/Global Economic): Shinsegae Group will acquire an additional stake in Starbucks Coffee Korea and become the largest shareholder. E-Mart announced on the 27th that it will acquire an additional 17.5% of Starbucks Coffee Korea s 50% stake held by Starbucks Coffee International. The acquisition is 700,000 shares, and the acquisition amount is 474.25 billion won. Shinsegae Group will have a 67.5% stake in Starbucks Coffee Korea, including a 50% stake that it already holds. The remaining 32.5% stake will be acquired by the Government of Singapore Investment Corporation (GIC), a Singaporean sovereign wealth fund, from a long-term investment perspective.

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