With the sale of these shares, Samsung wants to rake in funds for additional investments in the core business.
In a statement, as quoted from Reuters, Sunday (18/09/2016), Samsung said it would sell half of its stake in ASML.
As for the stake in Seagate, Samsung will sell entirely alias 42%.
Besides these two companies, Samsung also plans to sell 0.7 percent of its stake in Sharp Corp. Samsung also will sell a 4.5 percent stake in Rambus Inc.
Samsung spokesman said, the total funds that can be obtained from the sale of these shares can penetrate 1 trillion won, equivalent to approximately 888.85 million US dollars.
Samsung spokesman declined to give more detailed information, including when the issue would be carried out.
Data obtained by Reuters, Samsung sold approximately half of its ASML shares worth 606 million euros or the equivalent of about 675.99 million US dollars.
At the close of trade on Friday (09/16/2016) and then, in Rambus stock Samsung, Seagate, and Sharp reached a value of 456.4 million dollars.
Samsung Electronics and other affiliates of the Samsung Group has divested from non-core operations. This is also done by other South Korean top conglomerate, with the aim to sharpen business focus and protect more resources from the core business.
"There is no impact on business cooperation with the company concerned," said Samsung.
No comments: