(AFX UK Focus) 2010-03-26 01:37 UPDATE 1-Creditors to sell $3.7bln Samsung Life shares-source
(AFX UK Focus) 2010-03-26 01:37 UPDATE 1-Creditors to sell $3.7bln Samsung Life shares-source
SEOUL, March 26 (Reuters) – Samsung Group and creditors of its failed auto unit have agreed to sell most of the creditors’ holdings in Samsung Life in its May IPO, a source said, ahead of the country’s biggest share float now estimated about $4.7 billion. Creditors of Samsung Motors, including debt guarantor Seoul Guarantee Insurance and Woori Bank, plan to offer 34.5 million of their combined …
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