Samsung SDI (KRX:006400) will sell the 13.1 million shares in holds in affiliate Samsung Display back to Samsung Display for 4.45 trillion won, securing funds for future growth investments, according to a Friday filing with the Korean Exchange.
The South Korean manufacturer said that the over-the-counter deal includes share transfers at 340,000 won apiece, and the transaction is scheduled to close on Aug. 27.
Following the transaction, the company will hold a 10.22% stake in Samsung Display.
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