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Samsung SDI, a subsidiary of South Korea's Samsung Group, plans to sell a 2.6% stake in Samsung C&T Corp. to comply with the country's regulations on cross-shareholdings. The decision follows a recommendation from the Fair Trade Commission, stating that the stake-holding violates the rules on cross-share ownership. Samsung SDI will sell the shares worth $622 million by the end of February.
Friday, 25 December, 2015