The company sold shares amounting to more than 888 million dollars.
Samsung has stated that it is selling stakes in four companies, due to the need to invest in the core business technology giant.
In particular, Samsung has sold half its shares of ASML and all shares of 4.2% for Seagate. In addition, the company sold a 0.7% stake in Sharp Corp. and 4.5% in Rambus Inc. According to representatives of Samsung, the income from the sale of shares amounted to more than 888 million dollars. Further financial details of the deal were not disclosed.
The capitalization of Samsung Electronics has fallen to $ 14 billion on expectations that the company’s losses in connection with the review of the Galaxy Note 7 will be much more significant than previously expected. Two sessions, the market value of the company decreased by $ 22 billion.
