Samsung C&T beats deadline with block sale

Samsung SDI offloads a total of 5 million Samsung C&T shares through a three-way sale, just meeting a deadline from the Fair Trade Commission.

Samsung SDI, the battery and panel-making unit of Korea’s biggest conglomerate, completed the partial sale of its shareholding in Samsung C&T on Thursday as Samsung Group responded to calls from the antitrust regulator to unwind the circular ownership structure of its public-listed affiliates.

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