Samsung SDI to sell W10tr Samsung Display stake to fund ESS pivot

Samsung SDI is set to sell its 15.22 percent stake in Samsung Display — valued at about 10 trillion won ($6.9 billion) — to fund investments in energy storage systems and strengthen its financial structure as a prolonged slowdown in the electric vehicle market weighs on earnings. According to the company, it informed its board on Thursday of plans to sell its stake in Samsung Display, while details -- including the counterparty, deal size, terms and timeline -- remain undisclosed. The proposal w

By The Korea Herald