Shinhan Bank to sell $1.42 billion of Samsung Electronics, Samsung Life shares in block trade, term sheets say

Samsung Life Insurance

30/10/2025 07:53

Oct 30 (Reuters) - South Korea's Shinhan Bank aims to sell $1.3 billion worth of Samsung Electronics 005930.KS shares and $120 million worth of Samsung Life 032830.KS shares in two separate block trades, showed term sheets seen by Reuters.

The bank aims to sell the Samsung Electronics shares for 102,200 to 104,100 won each, a discount of as much as 1.8% to the stock's last closing price, the term sheet showed.

It aims to sell the Samsung Life shares for 151,100 to 154,250 won, a discount of as much as 4%, the term sheet showed.

 (Reporting by Scott Murdoch; Editing by Christopher Cushing)

 ((Scott.Murdoch@thomsonreuters.com;))