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Shareholders net $300m in Samsung Life Insurance exit
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 ...Already a subscriber? Login
