Samsung Life on the ECM block

Strong first quarter results encourage E-Mart and Shinsegae to pare down stakes in Samsung Life.

Two Samsung Life shareholders took advantage of a sharp share price spike to divest a W655 2 billion ($601 million) stake after Thursday's close  

The deal in Korea's largest insurance company by assets marks a rare international equity offering from the country this year To date, the only big deal of 2015 has been a $1 06 billion follow on from Hyundai Glovis, although initial public offerings in Mirae Asset Life Insurance and Innocean Worldwide are expected before the summer  

Samsung Life's deal comprised a six million secondary share selldown by hypermarket operator E-Mart and department store operator Shinsegae according to a term sheet seen by FinanceAsia The two each sold...

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