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Samsung SDS says considering spinning off some of its businesses

PostMessage posted...: Fri Jun 03, 2016 1:04 pm
by smix
Samsung SDS says considering spinning off some of its businesses
Reuters

URL: http://www.reuters.com/article/us-samsu ... SKCN0YP07H
Category: technologyNews
Published: Thu, 02 Jun 2016 22:19:54 -0400

Description: SEOUL (Reuters) - South Korea's Samsung SDS Co Ltd 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 - de facto holding firm of Samsung Group - will acquire Samsung SDS's logistics outsourcing business and that Samsung Electronics Co Ltd 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.