Samsung Elec family shares block sale at $1.66 billion, Tele

Samsung Elec family shares block sale at $1.66 billion, Telecom News, ET Telecom

Samsung Elec family shares block sale seen at $1.66 billion. The mother and two sisters of Samsung Electronics Chairman Jay Y. Lee plan to sell shares in the tech giant in a block deal seen worth about 2.19 trillion won ($1.66 billion), South Korean newspapers reported on Wednesday. Goldman Sachs, Citibank, UBS and JP Morgan are involved in the deal, which is for the family members to raise funds to pay in instalments the billions of dollars in inheritance tax incurred after Samsung patriarch Lee Kun-hee died in 2020.

Related Keywords

South Korea , South Korean , Lee Kun Hee , Jayy Lee , , Citibank , Jp Morgan , Samsung , Samsung Electronics , Goldman Sachs , Samsung Electronics Chairman Jay , Korea Economic Daily , Jobs , Chaebol , Electronics News , Electronics , Consumer Durable ,

© 2025 Vimarsana