Samsung Life Insurance Co., Ltd. (KOSE:A032830) and five related parties agreed to acquire an additional 4.62% stake in Samsung Fire & Marine Insurance Co., Ltd. (KOSE:A000810) for approximately KRW 490 billion in cash on June 13, 2014. The buyers will acquire an additional 1.89 million shares of Samsung Fire & Marine Insurance. Pursuant to the transaction, Samsung Life Insurance will hold 7.1 million shares of Samsung Fire & Marine Insurance.

The transaction is expected to be completed by June 16, 2014.