Samsung Group de facto leader to sell 2.05 pct stake in Samsung SDS

SAMSUNG SDS

28/01/2016 09:31

SEOUL, Jan 28 (Reuters) - Samsung Group said on Thursday its 
de facto leader Jay Y. Lee would sell a stake of 2.05 percent in 
Samsung SDS Co Ltd  018260.KS  for about 380 billion won ($315 
million) to raise money for any potentially unsubscribed shares 
he will need to buy from the rights issue of Samsung Engineering 
Co Ltd  028050.KS . 
    Samsung Group said last year Lee would buy up to 300 billion 
won worth of shares to be sold by Samsung Engineering Co Ltd 
 028250.KS , should existing shareholders not fully subscribe to 
the firm's 1.27 trillion won rights issue.  urn:newsml:reuters.com:*:nS6N10902N 
    Lee, vice chairman of Samsung Group flagship affiliate 
Samsung Electronics Co Ltd  005930.KS , currently owns 11.25 
percent of Samsung SDS. Neither Samsung SDS nor Samsung 
Engineering are considered critical components of the family-run 
conglomerate's ownership structure.       
($1=1,206.0700 won) 
 
 (Reporting by Se Young Lee; Editing by Clarence Fernandez) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
me on Twitter @Rover829)) 
 
Keywords: SAMSUNG GROUP SAMSUNG SDS/