Samsung Elec says no plans to merge with Samsung SDS
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd <005930.KS> has no plans to merge with sister company Samsung SDS Co Ltd <018260.KS>, 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 [SAGR.UL] leader Lee Kun-hee to his children.
(Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)
