Samsung Life buys 20% of French asset manager Meridiam
Han-Jong Choi
Apr 22, 2023 (Gmt+09:00)
Samsung Life Insurance, managing 223.1 trillion won ($167.5 billion) in assets, has acquired a 20% stake in Paris-based infrastructure investment firm Meridiam SAS, becoming its second-largest shareholder.
Founded in 2005, Meridiam manages about $20 billion in infrastructure such as public services including schools and hospitals, transportation and renewables. The assets are located in both developed and emerging markets across Europe, Africa and the Americas.