Samsung group insurers plan to buy Canopius stake for $1.47B
Korea Economic Daily says Samsung Group-affiliated insurers plan to acquire reinsurance firm Canopius by buying an additional 50% for more than 2 trillion won ($1.47 billion).
South Korea's Samsung Group-affiliated insurance companies plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily reported on Thursday. The report said $1 equals 1,358.2300 won.