Samsung SDI sells stake in Samsung Display for investment

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Samsung SDI sells stake in Samsung Display for investment
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경향신문

Samsung SDI resolved to transfer 13,088,235 Samsung Display shares, about 33% of the company’s shares, for 4,449,999,900,000 KRW, cutting its stake from 15.2% to 10.2% when the deal completes on the 27th. The company said proceeds will secure investment resources for production facilities, including energy storage systems and potential all‑solid‑state battery lines, and it plans first to allocate funds to Synergy Cells in New Carlisle, Indiana. The move follows a Q2 operating profit recovery and builds on a 1.65 trillion KRW paid‑in capital increase last year to support proactive growth investment.

Samsung SDI will raise 4.45 trillion KRW for battery investments

Context

The board approved the share transfer to raise funds for growth. Demand for ESS and UPS has risen with more AI data centers. Samsung SDI plans to use the proceeds for facility investment, starting with Synergy Cells in Indiana.

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