Samsung to sell subsidiaries, including chemicals, to Hanwha Group

摘要

Samsung Group (Seoul) said on Wednesday that it will sell four chemical and defense subsidiaries to Hanwha Group (Seoul) in a deal worth 1.9 trillion South Korean won ($1.72 billion). Samsung informed the Korea Stock Exchange that it will sell its defense affiliate Samsung Techwin and Samsung General Chemicals to Hanwha. The divestments will be completed by the first half of next year, Samsung says. Hanwha's board approved the deal on Wednesday.