Samsung SDI will sell 13.09 million shares of affiliate Samsung Display back to the manufacturer. The transaction is valued at approximately 4.45 trillion won ($3.21 billion). This sale reduces Samsung SDI’s stake in the unlisted display maker from 15.2% to 10.2%.
The company will use the proceeds to secure investment funds for future growth drivers. Samsung SDI plans to expand production capacity for the North American energy storage system (ESS) market. The capital will also fund the development of next-generation technologies like all-solid-state batteries.