(Seoul=NSP News Agency) soon ki Lee Journalist = Hanwha will buy a 24.1% stake in Hanwha General Chemical held by Samsung for KRW 1 trillion.
In 2015, Hanwha made a big deal to acquire four defense and chemical companies from Samsung for about 2 trillion won. The big deal between the two groups was completed in six years as Hanwha acquired all of the Samsung-side stakes that remained in Samsung General Chemicals(currently Hanwha General Chemical) at the time.
Hanwha General Chemical, which has recently been shifting its direction toward eco-friendly companies such as hydrogen-related businesses, plans to focus more on investment in new businesses with the completion of the big deal.
“Season 1 of the Hanwha and Samsung Big Deal has come to an end with this acquisition of shares,” said a Hanwha official, “Season 2 will be a task to change the constitution from a petrochemical company to a sustainable future-oriented company by promoting future strategic business in earnest.”
In addition, regarding the re-listing of Hanwha General Chemical, he said, “Right now, we plan to focus on investing in new businesses with the completion of this big deal. We will consider re-listing with open possibility in the future as companies grow and market conditions change.”
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