Advertisement

HindustanTimes Thu,27 Nov 2014

Samsung Electronics says may acquire rest of Samsung Medison

Reuters  Seoul, September 02, 2014
First Published: 15:23 IST(2/9/2014) | Last Updated: 15:28 IST(2/9/2014)

Samsung Electronics Co Ltd said on Tuesday that it is considering acquiring the shares of unlisted medical equipment maker Samsung Medison Co Ltd that it does not currently own.

Samsung Electronics said in a regulatory filing that it has not yet made a final decision.

It did not elaborate on its plans. Samsung Electronics controls about 68.5% of Samsung Medison.

The holding has a book value of about 478 billion Korean won ($472 million), according to an August regulatory filing.

(1 US dollar = 1,012.2000 Korean won)


Advertisement
more from Business

Nippon to up Reliance MF stake to 49%; Rs 657 cr for first 9%

Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26% to 49%, while investing Rs 657 crore for the first tranche of 9%.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved