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S Korea Samsung Life selects five candidates to handle IPO

Posted on: Fri, 27 Nov 2009 09:55:00 EST

Symbols: MS

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Nov 27, 2009 (M2 PRESSWIRE via COMTEX) --
MS | Quote | Chart | News | PowerRating -- 27 November 2009 - South Korea's largest life insurer Samsung Life has
chosen five candidates to arrange its initial public offering (IPO) in
2010, Reuters reports today.

The bank has picked Goldman Sachs, Bank of America-Merrill Lynch and
Morgan Stanley, as well as local brokers Investment & Securities and
Shinhan Investment Corp.

The insurer said it would hold talks with the nominees to select the
lead and co-managers of the IPO.

The bank seeks to go public in the first six months of 2010.

Samsung Life has not yet determined the issue size.

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