31st Dec 2021 10:42
Savills PLC - London-based real estate company - Completes its strategic investment alliance between Savills Investment Management and Samsung Life. Samsung Life has committed to invest at least USD1 billion to Savills IM over an initial four years. Samsung Life also has options to increase its interest in Savills IM by up to a further 10%, the maximum achievable if at least USD2 billion is committed over the same period. Samsung Life currently holds a 25% stake in Savills IM, acquired for GBP63.8 million in May.
Samsung Life is Samsung Electronics Co's insurance subsidiary. Samsung Life's principal products include life, health insurance and annuities.
Current stock price: 1,421.00 pence, down 1.0% on Friday
Year-to-date change: up 49%
By Heather Rydings; [email protected]
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