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Samsung General Chemicals to merge with Samsung Petrochemical

11:54 AM MDT | April 2, 2014 | Natasha Alperowicz

Samsung General Chemicals (Seoul) and Samsung Petrochemical have announced that their boards have agreed to merge the two companies. The news comes just days after the group said that the battery and display manufacturer Samsung SDI will merge with electronics materials maker Cheil Industries. Samsung General Chemicals will issue new shares and absorb Samsung Petrochemical’s at a ratio of 1 to 2.1441. The name of the merged company will be Samsung General Chemicals.  “This decision was made in order to create more synergy among the five chemical...

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