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    A032830   KR7032830002

SAMSUNG LIFE INSURANCE CO., LTD.

(A032830)
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Samsung Life to Commit Up to $2 Billion to Savills Investment Strategies

05/27/2021 | 01:57am EST

By Joe Hoppe

Savills PLC said Thursday that its subsidiary Savills Investment Management has formed a strategic investment alliance with Samsung Life Insurance Co. for an initial four year period.

The international real-estate advisor said that Samsung Life, a Korean-based life insurer, will acquire a 25% stake in Savills IM Holdings Ltd. for 63.8 million pounds ($90.1 million) in cash and commit $1 billion towards Savills IM's investment strategies over the initial four-year term.

The transaction, expected to complete in the fourth quarter of 2021 and conditional on various approvals, will allow Samsung to increase its interest by up to 10% over the term dependent on the amount invested, peaking at $2 billion of capital.

As part of a shareholders agreement, Savills IM will maintain complete autonomy.

"Samsung Life is a long-standing client of Savills both in Korea and internationally and this transaction will allow the strengths of both Savills Group and Samsung Life to drive further growth in the Savills Investment Management platform," Chief Executive Mark Ridley said.

Shares at 0736 GMT were up 17.0 pence, or 1.4%, at 1,200 pence.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

05-27-21 0357ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -2.53% 34899.34 Delayed Quote.16.98%
SAMSUNG ELECTRONICS CO., LTD. -1.90% 72300 End-of-day quote.-10.74%
SAMSUNG LIFE INSURANCE CO., LTD. -2.76% 63300 End-of-day quote.-19.97%
SAVILLS PLC -5.23% 1340 Delayed Quote.39.76%
All news about SAMSUNG LIFE INSURANCE CO., LTD.
11/23Samsung Life Insurance, Korea Post to Launch New Investment Fund
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11/12Samsung Life Insurance Net Attributable Income Plunges 59% in Q3
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10/11Samsung's Late Chairman's Wife, Daughters To Sell $1.8 Billion Stake
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09/06South Korean IPOs Close to Tripling Value in 2021 from Last Year
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06/09LG Energy Solution seeks nod for IPO that IFR says may raise $10-$12 billion
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06/08LG Energy Solution seeks nod for IPO that IFR says may raise $10-$12 bln
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More news
Analyst Recommendations on SAMSUNG LIFE INSURANCE CO., LTD.
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Financials
Sales 2021 18 512 B 15,5 B 15,5 B
Net income 2021 1 534 B 1,29 B 1,29 B
Net Debt 2021 - - -
P/E ratio 2021 7,69x
Yield 2021 5,40%
Capitalization 11 367 B 9 498 M 9 526 M
Capi. / Sales 2021 0,61x
Capi. / Sales 2022 0,62x
Nbr of Employees 5 122
Free-Float 36,1%
Chart SAMSUNG LIFE INSURANCE CO., LTD.
Duration : Period :
Samsung Life Insurance Co., Ltd. Technical Analysis Chart | A032830 | KR7032830002 | MarketScreener
Technical analysis trends SAMSUNG LIFE INSURANCE CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 63 300,00 KRW
Average target price 94 394,74 KRW
Spread / Average Target 49,1%
EPS Revisions
Managers and Directors
Young-Muk Jeon President, Chief Executive Officer & Director
Kyung-Bok Lee Managing Director, Head-Finance & Economy
Jong-Wook Jung Senior MD, Head-Legal & Compliance Support
Kyung-Wook Heo Independent Director
Yun-Gu Kang Independent Director
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