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Samsung sells stakes in ASML, Seagate, Rambus and Sharp

Reuters

Reuters Source: Reuters

Samsung electronics has sold its stakes valued at about 1 trillion won.


Samsung disposed of half its shares in ASML and its entire 4.2 per cent stake in Seagate Technology, the South Korea-based electronics maker said. It also sold its 4.5 per cent holding in Rambus and the 0.7 per cent of Sharp stock that it owned.

The total value of the stakes sold was about 1 trillion won, said a Samsung spokeswoman.

The Korean maker of semiconductors, phones and televisions said in the statement that its business ties with all four companies are unaffected by the stake sales.

 


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