Investors rush to jumbo $1.2bn Samsung sell-down

By Jonathan Breen
31 May 2018

Equity investors swooped on a W1.32tr ($1.22bn) sell-down in Samsung Electronics on Wednesday. They took advantage of a share price slide just ahead of the launch of what was South Korea's largest accelerated bookbuild since 2011. Jonathan Breen reports.

Samsung Life Insurance (SLI) and sister company Samsung Fire & Marine Insurance (SFM) came to the market on Wednesday to sell, respectively, 22.98m and 4.02m shares in the electronics firm, or 0.78% of its equity.

The two companies' sell-down of Samsung Electronics was necessary as the pair needed ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial