Samsung Fine Chemicals Co. Ltd. (KOSE:A004000) agreed to acquire additional 29.2% stake in Samsung BP Chemicals Co., Ltd. from Samsung SDI Co. Ltd. (KOSE:A006400) for KRW 81.9 billion on August 27, 2015. Under the terms of the deal, 2.34 million shares will be acquired at an offer per share of KRW 35,050. After the transaction, Samsung Fine Chemicals will hold 49% stake in Samsung BP Chemicals. For the year ended December 31, 2014, Samsung BP Chemicals Co., Ltd reported revenues of KRW 408.14 billion, operating profit of KRW 47.7 billion, net income of KRW 35.3 billion and net assets of KRW 171.46 billion. The resolution date of Board of Directors of is August 28, 2015. The transaction date is September 16, 2015. Ernst & Young acted as financial advisor for Samsung SDI.

Samsung Fine Chemicals Co. Ltd. (KOSE:A004000) completed the acquisition of additional 29.2% stake in Samsung BP Chemicals Co., Ltd. from Samsung SDI Co. Ltd. (KOSE:A006400) in 2015.