Samsung Selling ASML Shares Worth $681 Million in Offering
- Halves holding with sale representing about 1.5% of ASML stock
- Samsung invested in 2012 to help develop chip techology
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Samsung Electronics Co. is selling about half of its stake in chip-equipment supplier ASML Holding NV in a private placement valued at about 606 million euros ($681 million).
The South Korean maker of semiconductors, phones and televisions will sell about 6.3 million shares in ASML, according to terms of the transaction obtained by Bloomberg News. The sale, expected to be completed on Sept. 12, amounts to about 1.45 percent of ASML, based on Bloomberg data. A European unit of Samsung owns 2.9 percent of ASML, according to the term sheet.