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Deal snapshot: SAMSUNG ELECTRONICS CLOSES SALE OF SAMSUNG FINE CHEMICALS STAKE.

MANews-(C)2009-2016

Korean technology company Samsung Electronics has closed the sale of its stake in Samsung Fine Chemicals Co. to Lotte, the company said. Samsung Fine Chemicals is an affiliate of SEC.

Under the deal, Samsung Electronics plans to sell a total of 2,164,970 shares of Samsung Fine Chemicals, as well as stakes in other affiliates (Samsung SDI, Samsung C/T, Hotel Shilla, and Samsung Electro-Mechanics). The total consideration will be KRW 125.350bn (USD 109.88m).

Country: South Korea

Sector: Chemicals

Target: Samsung Fine Chemicals Co

Buyer: Lotte

Vendor: Samsung Electronics

Deal size in USD: 109.88m

Type: Divestment

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Mar 1, 2016
Words:110
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