Samsung affiliates' shares rise after Lee's death sparks hopes of shake-up (updated)

Samsung E&A Co

26/10/2020 24:46

(Adds context, background)
    SEOUL, Oct 26 (Reuters) - Shares in Samsung Electronics Co
Ltd  005930.KS  and affiliates rose on Monday after the death a
day earlier of Chairman Lee Kun-hee sparked hopes for
restructuring and stake sales, analysts said.
    Shares in Samsung C&T  028260.KS  and Samsung Life Insurance
 032830.KS  rose as much as 21.2% and 15.7% respectively, while
shares in Samsung BioLogics  207940.KS , Samsung SDS  018260.KS 
and Samsung Engineering  028050.KS  also rose. 
    Lee was the wealthiest stock owner in South Korea, with
holdings including 4.18% of Samsung Electronics common shares
and 0.08% of preferred shares, worth about 15 trillion won
($13.3 billion) in total.
    He also held a 20.76% stake in Samsung Life worth about 2.6
trillion won, and a 2.88% stake in Samsung C&T worth about 564
billion won as of Friday's closing.  urn:newsml:reuters.com:*:nL1N2HG01W urn:newsml:reuters.com:*:nL1N2HG0AN
    
($1 = 1,128.7100 won)

 (Reporting by Joyce Lee and Hyunjoo Jin; Editing by Himani
Sarkar and Stephen Coates)
 ((jungyoon.lee@tr.com; +82 2 6936 1467;))