Samsung SDI Co. Ltd. (KOSE:A006400) agreed to acquire additional 57.98% stake in STM Co., Ltd. from Samsung Fine Chemicals Co. Ltd. (KOSE:A004000) for KRW 8.9 billion on August 28, 2015. Samsung SDI will acquire 0.41 million shares at KRW 21687 per share. In a related transaction, Samsung SDI Co. Ltd. (KOSE:A006400) agreed to acquire research and development facility from Samsung Fine Chemicals Co. Ltd. (KOSE:A004000) on August 28, 2015. The deal between the two Samsung units also includes selling Samsung SDI's 29.2 percent in unlisted Samsung BP Chemicals Co. for KRW 81.9 billion to the fine chemical unit. The transaction is expected to close by September 16, 2015. Ernst & Young, Korea acted as financial advisor for Samsung SDI.

Samsung SDI Co. Ltd. (KOSE:A006400) completed the acquisition of additional 57.98% stake in STM Co., Ltd. from Samsung Fine Chemicals Co. Ltd. (KOSE:A004000) on September 16, 2015.