Conglomerate Samsung Group has announced further plans related to its restructuring and has recently decided to merge the engineering division of Samsung Engineering with the second largest shipbuilder in the world, Samsung Heavy Industries. According to available information, the new transaction is worth 2,5 billion US dollars and will take place by the end of this year. The merger of the two divisions was first pointed out by the documents of the stock exchange in Seoul, South Korea, and then the companies themselves announced it.
The transaction will take place in such a way that the engineering division, which is in charge of the production of equipment for the petrochemical and energy industries, will go under the wing of the Heavy Industries division. The announcement of the merger apparently pleased investors, who believe the merger will increase the efficiency of both companies. This, of course, was also reflected in the value of the shares, which increased in both divisions of the conglomerate. The changes are happening even before the possible leadership, since as we know, the current chairman of the conglomerate, 72-year-old Lee Kun-Hee, has been in the hospital since May/May of this year, since he overcame a myocardial infarction. It is then expected that his 47-year-old son will take over the leadership of the company Lee Jae Yong and his two sisters. In addition, Samsung bought Cheil Industries, which now falls under the Samsung SDI division. Finally, there could be changes related to the construction division of Samsung C&T, which, among other things, owns a stake in the division of Samsung Electronics, which manufactures various consumer electronics, including mobile phones.
// < 
// < 
