Samsung-led group preferred bidder for Commerzbank tower- S.Korean media

Samsung Securities Co

11/08/2016 11:24

SEOUL, Aug 11 (Reuters) - A group of investors led by 
Samsung Group financial units including Samsung Life Insurance 
Co Ltd  032830.KS  has been chosen as the preferred bidder to 
buy Commerzbank's  CBKG.DE  Frankfurt headquarters for about 900 
billion won ($820 million), several South Korean media outlets 
said on Thursday.  
    The investors include Samsung Fire & Marine Insurance 
 000810.KS  and Samsung Securities  016360.KS  as well as other 
institutional investors in a fund led by Samsung SRA Asset 
Management, a unit of Samsung Life, Yonhap News Agency reported, 
citing unnamed financial industry sources.  
    A Samsung Life spokesman declined to comment, as did a 
spokeswoman for Samsung Securities. A spokesman for Samsung Fire 
& Marine could not immediately be reached for comment.  
 ($1 = 1,098.1900 won) 
 
 (Reporting by Joyce Lee, editing by David Evans) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: COMMERZBANK REALESTATE/SAMSUNG LIFE