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Samsung sells non-core assets, buys back shares

2014-11-26 10:48:00| Telecompaper Headlines

(Telecompaper) Samsung Group has agreed to sell stakes in its units Samsung Techwin and Samsung General Chemicals to Hanwha Group for KRW 1.9 trillion. The proceeds will be reinvested in its core activities. Techwin and General Chemicals are owned by six subsidiaries of Samsung, including Samsung Electronics. Samsung Electronics said its stakes in the Techwin and Chemicals companies are worth KRW 100 billion and KRW 661 billion. Samsung Electronics also announced it will buy back shares valued at KRW 2.19 trillion (USD 2 billion). According to a regulatory filing, Samsung Electronics will buy back 1.65 million common shares and 250,000 preferred shares on the open market by the end of February. 

Tags: back samsung assets shares

 

3D Systems buys 3D design firm Cimatron

2014-11-25 23:11:00| Canadian Plastics Headlines

3D printer maker 3D Systems Corp is buying Cimatron Ltd for approximately US$97 million to strengthen its position in the fast-growing 3D design and manufacturing business.

Tags: design systems firm buys

 
 

3D Systems buys 3D design firm Cimatron

2014-11-25 23:11:00| Canadian Plastics Headlines

3D printer maker 3D Systems Corp is buying Cimatron Ltd for approximately US$97 million to strengthen its position in the fast-growing 3D design and manufacturing business.

Tags: design systems firm buys

 

Deutsche Beteiligungs AG buys Huhtamaki Films

2014-11-25 06:00:00| Nonwovens Industry Breaking News

Investor acquires film experts

Tags: films deutsche buys huhtamaki

 

Quanta Services buys Banister Pipelines

2014-11-25 01:00:00| Hydrocarbons Technology

Quanta Services has acquired the business of Banister Pipelines to expand its Canadian mainline pipeline services offering.

Tags: services buys pipelines quanta

 

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