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Biz News Korea(Eng)
Samsung Electronics sells stakes in ASML, Seagate, Rambus and Sharp
- Collected
- 2016.09.18
- Distributed
- 2016.09.19
- Source
- Go Direct
The electronics company said that the sales aims to focus on its core businesses by making effective use of assets invested in the past and it has nothing to do with partnership with the companies.
The stakes sold by the Korean electronics giant are valued at about 1 trillion won ($888 million) in total. The company sold shares in ASML worth about 600 billion won and Seagate worth about 400 billion won.
The company sold about half of its stake, or 6.3 million shares, in ASML. It sold its entire 4.2 percent stake, or 12.5 million shares, in Seagate and its entire 4.5 percent stake, or 4.8 million shares, in Rambus.
The electronics company also sold its entire 0.7 percent stake, or 35.8 million shares, in Sharp. The company invested in Sharp as part of its efforts to diversify supply lines of LCD panels in 2013.
By Lee Seung-hoon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]