Menu Content
Go Top

Economy

FTC Revises Guidelines to Samsung C&T-Cheil Industries Merger

Written: 2017-12-21 14:43:11Updated: 2017-12-21 14:51:41

FTC Revises Guidelines to Samsung C&T-Cheil Industries Merger

Samsung SDI will likely have to sell an additional 500 billion won worth of shares in sister firm Samsung C&T Corporation by the third quarter of next year at the latest.

The Fair Trade Commission announced Thursday it is tightening regulations on share cross-holding between affiliated companies in a conglomerate.

Under the original guidelines applied in the 2015 merger between Samsung C&T and Cheil Industries, Samsung SDI was only ordered to dispose of five million Samsung C&T shares.

The commission has stopped short of specifying exactly how many more shares Samsung SDI will have to shed, but the number is expected to be around four million shares.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >