Skip to main content Go body Go Menu

Hanwha, Buying Samsung’s Stake in Hanwha General Chemical for KRW 1 Trillion.

NSP NEWS AGENCY, By soon ki Lee Journali, 2021-06-24 06:22 END7
#Hanwha #HanwhaGeneralChemi #Samsung #stake #1trillionwon

(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.”

NSP News Agency soon ki Lee Journalist
Copyright ⓒ Korea's economic news agency NSP NEWS·NSP TV. All rights reserved-Redistribution Prohibited.