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Samsung-linked insurers to buy Canopius stake for over 2 trillion won

Samsung Group-affiliated insurers plan to acquire London-based reinsurer Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), Korea Economic Daily reported.

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South Korea's Samsung Group-affiliated insurers 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 also said $1 = 1,358.2300 won.