Shareholders net $300m in Samsung Life Insurance exit

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By Rev Hui
24 Apr 2014

Samsung Life Insurance was the subject of a sale by four shareholders on Tuesday in a W311.9bn ($300m) block that was well received by investors despite a degree of price sensitivity.

The 3.3m secondary shares transaction was brought to the market by Citi and Credit Suisse at guidance of W94,000-W96,500, or a 2.4%-5.0% discount to the stock’s Tuesday close of W98,900.

Momentum was strong as the leads had wall-crossed investors for two-thirds of the shares, and with bids from ...

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