SEOUL, Sept 17 (Reuters) – Samsung Heavy Industries Co Ltd and Samsung Engineering Co Ltd, affiliates of South Korean conglomerate Samsung Group, said on Thursday they have no plans to merge with each other.
Samsung Heavy and Samsung Engineering shares rose sharply on Wednesday after Samsung Heavy Chief Executive Park Dae-young said the two firms should eventually merge for long-term synergy.
But the two firms said in separate exchange filings on Thursday that no such a deal was being considered.
Samsung Heavy’s 2014 takeover attempt of Samsung Engineering failed due to shareholder opposition.
(Reporting by Se Young Lee; Editing by Edwina Gibbs)
(c) Copyright Thomson Reuters 2015
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,057 members that receive our newsletter.
Have a news tip? Let us know.
(Bloomberg) — Poland will propose a maritime policing program in the Baltic Sea similar to air-monitoring missions carried out by NATO members, Prime Minister Donald Tusk said on Wednesday. Tusk...
Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure.
A Russian Navy frigate equipped with new generation hypersonic cruise missiles has conducted drills in the English Channel and is carrying out tasks in the Atlantic Ocean, Russian news agencies reported on Tuesday.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,057 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
