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Sales of the Solar Cell business to Samsung SDI

27th May 2011 10:02

RNS Number : 4324H
Samsung Electronics Co. Ld
27 May 2011
 



 

 

Sales of Solar Cell Business to Samsung SDI

 

Samsung Electronics decided to sell its solar cell business to Samsung SDI for KRW 160.8 billion.

 

The purpose of the transaction is to manage the company's resources more efficiently and focus more on its key businesses.

 

Samsung SDI will take over the solar cell business on July 1, 2011.*

 

* The transferring date is subject to change

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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