[Alpha Biz= Paul Lee] E-Mart announced on December 15, 2025, that its board of directors approved a tender offer for its subsidiary, Shinsegae Food, at a board meeting held on December 11.
The tender offer price is set at KRW 48,120 per share, representing a 20% premium over the closing price of KRW 40,100 on the trading day immediately prior to the offer’s commencement, December 12. The tender offer period will run for 22 days, from December 15, 2025, to January 5, 2026.
E-Mart, which currently holds 55.47% of Shinsegae Food’s shares, plans to acquire all remaining outstanding shares through this tender offer, making Shinsegae Food a wholly-owned subsidiary. Following the acquisition, E-Mart intends to delist Shinsegae Food in accordance with applicable laws and procedures.
According to E-Mart, the tender offer aims to address the structural undervaluation of Shinsegae Food in the stock market, providing minority shareholders an opportunity to realize their investments at a premium price, thereby enhancing shareholder value.
Additionally, the move aligns with the government’s corporate value-up policy by eliminating dual listing structures, simplifying corporate governance, and increasing transparency in corporate operations. The tender offer is also expected to alleviate liquidity constraints caused by low trading volumes and help shareholders realize a fair market price for their holdings.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
