Samsung C&T Shareholders Approve Merger
Samsung C&T shareholders have approved an US$ 8 billion merger of the company and its de facto holding company Cheil Industries Inc. The merger passed with 69.5% of shareholders voting for it. For the merger to go through, the deal required two-thirds of votes cast to be approved. Korea’s National Pension Service (NPS) which held the biggest stake in Samsung C&T at 9.9% voted for the merger. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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