Deal snapshot: SAMSUNG ELECTRONICS CLOSES SALE OF SAMSUNG FINE CHEMICALS STAKE.
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
Target: Samsung Fine Chemicals Co
Vendor: Samsung Electronics
Deal size in USD: 109.88m
Buyer advisor: , ,
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|Publication:||M & A Navigator|
|Date:||Mar 1, 2016|
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