Samsung Life Insurance Co., Ltd. (KOSE:A032830) agreed to acquire 25% stake in Savills Im Holdings Limited for £63.8 million on May 27, 2021. The consideration is payable in cash and subject to completion adjustments. Under the agreement, Samsung Life has options to increase its interest in Savills IM by up to a further 10% over the initial term. For the year December 31, 2020, Savills IM reported profit before tax of £14.9 million. The transaction is conditional on various regulatory approvals, other customary closing conditions and expected to complete in Q4, 2021. The proceeds from the sale will be used by Savills plc for general corporate purposes. Fenchurch Advisory Partners Limited acted as financial advisor to the Samsung Life Insurance Co., Ltd. (KOSE:A032830). Coppel, Claire of Allen & Overy LLP acted as legal advisor to Samsung Life Insurance Co., Ltd. (KOSE:A032830). Samsung Life Insurance Co., Ltd. (KOSE:A032830) completed the acquisition of a 25% stake in Savills Im Holdings Limited on December 31, 2021.