Samsung will not be separated

Last week Samsung made the decision not to hold a previously planned restructuring. Instead, the manufacturer intends to focus on the promotion of the new flagship smartphone Galaxy S8, which will be presented tomorrow.

After the failure of the model Galaxy Note7 the company has felt pressure from some shareholders calling to increase company efficiency. Their proposal was to divide Samsung Electronics for the two companies.

Speaking Friday at the annual meeting, the Chairman of the Board Samsung Electronics announced that the study has allowed to conclude about the possible negative consequences of separation. Mutual relationships between group companies Samsung provide effective control. With this in mind, the manufacturer intends to maintain the existing structure.

Source: CDR info



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