Samsung Electronics has stated that it is currently reviewing the framework and company structure under which its subsidiaries can be clubbed.
South Korean giant Samsung Electronics has clarified today that at present it isn’t considering a merger between its holding company and Samsung C&T Corp, as part of its current restructuring process.
This October, Elliott Management, a U.S. activist hedge had called for a split in Samsung such that it can become an ownership and an operating company. As part 2 of the process, it had also called for the merger of Samsung C&T to the ownership company.
The South Korean giant has stated that presently, its restructuring process will be contained within the framework of whether it should move to a holding company structure.