Hanwha Group to acquire Samsung chemical, defence units - source

Hanwha Solutions

25/11/2014 23:10

SEOUL, Nov 26 (Reuters) - South Korean conglomerate Hanwha 
Group will acquire defence firm Samsung Techwin Co Ltd 
 012450.KS  and three other Samsung Group affiliates, a person 
with direct knowledge of the matter said on Wednesday. 
    The person, who declined to be named due to the sensitivity 
of the matter, said Hanwha will also acquire unlisted Samsung 
Total Petrochemicals Co Ltd  SMCHE.UL , Samsung General 
Chemicals Co Ltd and Samsung Thales Co Ltd, a joint venture with 
French defence electronics firm Thales  TCFP.PA .   
    A Hanwha spokesman said the group will decide on whether to 
acquire certain Samsung Group firms without providing details, 
while a Samsung Group spokesman declined to comment.  
    South Korea's Yonhap News Agency reported earlier on 
Wednesday that Hanwha Group firms will likely acquire stakes in 
the the four Samsung firms for more than 2 trillion won ($1.8 
billion) without citing direct sources.   
 
(1 US dollar = 1,109.5000 Korean won) 
 
 (Reporting by Joyce Lee; Writing by Se Young Lee; Editing by 
Richard Pullin) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
me on Twitter @Rover829)) 
 
Keywords: HANWHA M&A/SAMSUNG GROUP