Hanwha Group to top defense, chemical industries through Samsung deal
Nov 26, 2014
Hanwha Group Co.'s takeover of Samsung affiliates is expected to give a turbo boost to its defense and chemical businesses to become leaders in their respective industries and advance the conglomerate's rankings, market watchers said Wednesday. Hanwha Group struck a deal to buy controlling stakes in four chemical and defense firms of Samsung Group for 1.9 trillion won ($1.72 billion). For Samsung, the deal allows the country's biggest family-run conglomerate to shed non-core businesses and pre