Samsung Life reported to be in talks over 15% stake in Principal Financial
US and Seoul outlets put the reported stake at up to $4.4 billion or 5 trillion won to 6 trillion won respectively; Samsung Life's Korea Exchange filing...
Samsung Life Insurance is in private negotiations to acquire a 15 percent stake in Principal Financial Group, in a deal that industry sources value at between $3.6 billion and $4.4 billion, InvestmentNews reported on 2 September. A holding of that size would make Samsung Life the largest single shareholder in the Iowa-based retirement group, ahead of Vanguard Group, according to…
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