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April 18, 2024

Samsung F&M Insurance sells entire Samsung C&T stake at W328.5b

PUBLISHED : September 21, 2018 - 09:28

UPDATED : September 21, 2018 - 09:28

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[DISCLOSURE] Samsung Fire & Marine Insurance (000810) announced on Sept. 20 that it has decided to sell entire 2,617,297 shares of its affiliate Samsung C&T (028260) at 328.5 billion won (US$293.91 million) “to promote profitability of asset management.”

The due date for transaction is Sept. 21.

By Hwang You-mee (glamazon@heraldcorp.com)

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