bearish
Potential Samsung Life Insurance Block Deals, Likely to Be Triggered by E Mart
671 Views17 May 2024 08:38
This post delves into the possibility of upcoming block deals involving Samsung Life Insurance, potentially instigated by E-Mart.
What is covered in the Full Insight:
- Potential stake sale in Samsung Life Insurance by E-Mart
- Reason for fund raising and put option conditions
- Disagreement over the fulfillment of put option conditions
- Other funding options considered by E-Mart and their limitations
- Uncertainty over the blocking deal's timing due to possible legal disputes
Boomeranged on Tue, 4 Jun 2024 09:44
SSG.com’s major shareholders, E-Mart and Shinsegae, are expected to approve the repurchase of a 30% FI stake for 1.15 trillion KRW at a board meeting this morning, with E-Mart likely making the acquisition. The decision should be announced this afternoon. This raises concerns about E-Mart potentially funding the buyback by selling its shares in Samsung Life Insurance.
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