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
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
In one of the UK’s largest drug seizures of the past decade, UK Border Force officers have seized cocaine with an estimated street value of £96 million (USD 130 million)...
(Bloomberg) — Shell Plc has started exports from Canada’s first liquefied natural gas project, helping to meet rising Asian demand and extending its position in the global LNG market. The first...
President Donald Trump indicated that he might be preparing to ease his “maximum pressure” campaign against Iran, potentially undercutting a central policy dating to his first term and provoking consternation among foreign policy hawks who argue that now is the time to escalate — not lessen — pressure on Tehran.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
