Wednesday 6 November 2024
 
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Samsung C&T shareholders back key $8bn merger plan

Samsung C&T Corp shareholders have approved an $8 billion takeover offer from sister firm Cheil Industries in a close-run vote, marking a key win for Samsung Group's founding family as it seeks to pave the way for a leadership transfer a

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Samsung's Cheil to acquire affiliate Samsung C&T

Samsung Group's holding company Cheil Industries Inc said on Tuesday that it will acquire affiliate Samsung C&T Corp by September, the latest step in the restructuring of South Korea's biggest conglomerate. The move co

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