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Samsung Electronics Co. cut its stake in ASML Holding NV by more than half in the second quarter

Samsung Electronics has cut its stake in ASML Holding NV by more than 50% according to its recent filings. In its semi-annual report said, Samsung had 2.75 million shares in ASML as of the end of June, which shows a 50% percentage decrease in its shares from 6.3 million shares in the first quarter. According

Thandile Thobela
· 1 min read
Samsung Electronics Co. cut its stake in ASML Holding NV by more than half in the second quarter

Samsung Electronics Co. cut its stake in ASML Holding NV by more than half in the second quarter

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Samsung Electronics has cut its stake in ASML Holding NV by more than 50% according to its recent filings.

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In its semi-annual report said, Samsung had 2.75 million shares in ASML as of the end of June, which shows a 50% percentage decrease in its shares from 6.3 million shares in the first quarter.

According to TechCentral, the stake that Samsung sold is worth around €2.1-billion based on the latest share prices.

A Samsung Electronics spokesman confirmed the stake sale but did not elaborate. 

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Thandile Thobela

Reporting for Business Tech Africa on the funding, tools and strategy shaping the continent's founders and SMEs.

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