Samsung SDS says considering spinning off some of its businesses

SAMSUNG SDS

03/06/2016 02:33

SEOUL, June 3 (Reuters) - South Korea's Samsung SDS Co Ltd 
 018260.KS  said on Friday it was considering spinning off its 
logistics process outsourcing and IT systems services businesses 
but no decisions have been made.  
    South Korean media reported earlier in the day, citing 
unnamed sources, that Samsung C&T Corp  028260.KS  - de facto 
holding firm of Samsung Group -  will acquire Samsung SDS's 
logistics outsourcing business and that Samsung Electronics Co 
Ltd  005930.KS  will acquire SDS's IT systems services business. 
    However, Samsung C&T and Samsung Electronics said in 
separate regulatory filings that they have no such plans. SDS 
did not elaborate further on its spinoff plans.  
 
($1 = 1,188.5500 won) 
 
 (Reporting by Joyce Lee and Se Young Lee; Editing by Michael 
Perry) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: SAMSUNG SDS SPINOFF/SAMSUNG C&T CORP