[Korea Jeongseon financial newspaper reporters] IBK Industrial Bank 3.4% stake in the block Mart Deal succeeded in selling holdings amount to (overtime block trades).
According to investment bank (IB) industry, 24 days now bank has sold all of the previous day closing price of E-Mart E-Mart shares in (₩ 215,000), compared to 4.2% discount rate was applied ₩ 206,000 per share.
The day before the Industrial Bank has selected Samsung Securities and HSBC Securities as co-organizers and embark on a block deal on institutional demand for E-Mart shares 939.48 thousand shares (3.4%) being held forecasts.
Reportedly succeeded in block deals with the participation of global institutional investors, including sovereign wealth funds abroad. The proportion of foreign institutions and domestic institutions reported approximately six four.
Government has handed while receiving in-kind contributions to E-Mart shares, including shares his father in 2007, Shinsegae Vice Chairman Jeong, Yong - Jin figured as a gift tax on corporate banking. The price received at the time of investment banks was now only 7250 won per share, 24.
IBK is known to secure a 190 billion won in cash and out of this stake. The analysis is expected that the improvement in financial soundness indicators.
Jeffrey Choi, Daishin Securities Research Institute predicted that "The sale profit will serve as a one-off, but deda other reserve capital ratio improved 0.02% (2bp) shares of KT & G 950 shares (6.9%) investment sentiment factors are disposal expectations increased ' .
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