SEOUL (Reuters) - Tech giant Samsung Electronics (LONDON:0593xq) Co Ltd (KS:005930) has no plans to merge with sister company Samsung SDS Co Ltd (KS:018260), a senior Samsung Electronics executive said on Wednesday, responding to recent market speculation about such a possibility.
"The management wants me to express clearly that we do not have a plan to merge with SDS," Robert Yi, Samsung Electronics' head of investor relations, said at a company event in Seoul.
Some investors and analysts have said that the two companies may merge in the near future in order to ensure a stable transfer of management control from current Samsung Group leader Lee Kun-hee to his children.