SEOUL: Samsung has announced a S$1.7bil sale of stakes in four affiliates and a US$2bil share buyback as the South Korean giant steps up restructuring efforts ahead of a generational ownership succession.
The sale of its petrochemical and defence units to the Hanwha conglomerate, which had major petrochemical holdings, was expected to be finalised in the first half of next year, Samsung Group said in a statement.
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