Samsung Electronics says selling some of its shares in ASML

September 7, 2016 10:45 PM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd <005930.KS> said on Thursday it is selling some of its shares in Dutch semiconductor equipment maker ASML Holding NV (NASDAQ: ASML).

A term sheet seen by Reuters showed Samsung is selling about 6.3 million shares in ASML for about 606 million euros. Samsung did not elaborate on financial terms.

The South Korean firm said the sale will not affect the strategic partnership between the two companies. Samsung said in a Aug. 16 regulatory filing it owned a 2.9 percent stake, or 12.6 million shares, in ASML.

(Reporting by Se Young Lee; Editing by Edwina Gibbs)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment