SINGAPORE/SEOUL, April 8 (Reuters) - Samsung Electronics ( SSNLF ) shareholder Shinhan Bank launched a sale of about $2.1 billion worth of shares in the South Korean company, according to a term sheet seen by Reuters on Wednesday.
Shinhan Bank is offering 15 million Samsung Electronics ( SSNLF ) shares at between 204,395 won and 208,605 won each, representing a discount of 0.9% to 2.9% to the stock's Wednesday close of 210,500 won, the term sheet showed.
The shares amount to about 0.25% of Samsung Electronics' ( SSNLF ) shares outstanding, according to the term sheet. Samsung Elec shares closed up 7.1% Wednesday on a relief rally due to a ceasefire in the Middle East.
A spokesperson for Samsung Elec could not be immediately reached. Shinhan Bank could not be reached outside of business hours.