Samsung SDI to Sell 3.2B in Display Shares
Samsung SDI will sell 13.09 million shares in Samsung Display back to the maker for 4.45 trillion won. The transaction aims to fund investments in future growth engines. The deal is set to close next week.
Xurve View
Insights:
Xurve View
SAMSUNG SDI CO LTD will sell 13.09 million shares in affiliate Samsung Display for 4.45 trillion won ($3.21 billion) to fund future growth. The transaction in South Korea marks a major portfolio reshuffling for the battery maker. The capital injection targets next-generation energy storage and battery manufacturing technologies.
