Home Samsung sells non-core assets, buys back shares
 

Keywords :   


Samsung sells non-core assets, buys back shares

2014-11-26 10:48:00| Telecompaper Headlines

(Telecompaper) Samsung Group has agreed to sell stakes in its units Samsung Techwin and Samsung General Chemicals to Hanwha Group for KRW 1.9 trillion. The proceeds will be reinvested in its core activities. Techwin and General Chemicals are owned by six subsidiaries of Samsung, including Samsung Electronics. Samsung Electronics said its stakes in the Techwin and Chemicals companies are worth KRW 100 billion and KRW 661 billion. Samsung Electronics also announced it will buy back shares valued at KRW 2.19 trillion (USD 2 billion). According to a regulatory filing, Samsung Electronics will buy back 1.65 million common shares and 250,000 preferred shares on the open market by the end of February. 

Tags: back samsung assets shares

Category:Telecommunications

Latest from this category

All news

»
05.11NI rise hits workers harder than employers, says OBR
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Wind Speed Probabilities Number 8
05.11Tropical Storm Rafael Public Advisory Number 8
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 8
05.11Lenzing Expands Nonwovens Range
05.11Netflix Europe offices raided in tax fraud probe
More »