Samsung Electronics Co Ltd sold owned shares in several companies including Seagate and Fujitsu. The transaction amount was not disclosed, but Reuters estimated the company could fetch about $ 1 billion
the South Korean company Samsung has sold belonging to it shares in four companies, reports Reuters.
the Corporation has announced that it has sold about half of that was available to it at the hands shares of the company ASML, and sold all she owned package of shares of Seagate (4.2 percent). In addition, Samsung has sold a package of 0.7% stake in Sharp and a package of 4.5% from Rambus.
Samsung did not disclose the financial terms on which to conduct the transaction. The Agency notes that, based on the closing price of Friday, 16 September, sold shares in Rambus, Seagate, and Sharp cost together $ 456.4 million
half of the package ASML, according to Reuters, last week was estimated at $ 606 million.
the sale of the shares occurred on the background of the scandal with the spontaneous combustion of the battery for the new Samsung Galaxy Note 7. The Commission on consumer product safety USA (CPSC) announced the recall of this model. Consumers who have purchased the new smartphones can either exchange them, or return the money.
Earlier in his statement the Commission on safety of consumer goods called the Galaxy Note 7 to stop the use of smartphones and turn them off due to problems with the battery. At the same time it was noted that the CPSC works with Samsung regarding the announcement of the review of the Galaxy Note 7.
After that, the company advised the owners of Galaxy Note 7 to switch off the phone and to exchange them as soon as possible. “We strongly encourage all customers to take advantage of the exchange program, because your security is our top priority. The new sale and supply of these devices is stopped, but if you already have a Galaxy Note 7, we strongly recommend you replace it”, — said in a statement that was published on the website of Samsung.
problems with the batteries of smartphones Galaxy Note 7 has led to the fact that the shares of Samsung Electronics for two days has fallen in price by more than 10%, according to estimates by Bloomberg, the market capitalization of Samsung Electronics for two days decreased by $ 22 billion.
According to analysts polled by Reuters, long-term problems with the Galaxy Note 7 might be detrimental to the image of Samsung’s damages in the amount of $ 211 billion
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