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Samsung Group says to sell 4 units to Hanwha Group for $1.7 billion

2014-11-26 02:54:46| Semiconductors - Topix.net

Samsung Group [SAGR.UL] said on Wednesday it is selling stakes in defense firm Samsung Techwin Co Ltd and three other units for 1.9 trillion won to Hanwha Group units. Samsung Group said in a statement Samsung Electronics Co Ltd, Samsung C&T Corp and other Samsung affiliates decided to sell a 32.4 percent stake in Samsung Techwin to Hanwha Corp for 840 billion won, and a 57.6 percent stake in Samsung General Chemicals Co Ltd to Hanwha Chemical Corp and Hanwha Energy Corp [YCOGN.UL] for 1.06 trillion won.

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Category:Electronics and Electrical

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