Samsung SDS considers spinning off logistics business | Reuters

SEOUL Samsung SDS Co Ltd (018260.KS) said on Tuesday it is considering spinning off its logistics process outsourcing business, and will consider acquisitions and new businesses to increase external customer sales.

Samsung SDS, which handles some of Samsung Electronics' (005930.KS) global logistics process outsourcing, said in a regulatory filing it had reported to its board of directors about the spinoff under consideration, but gave no details.

(Reporting by Joyce Lee; Editing by Stephen Coates)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jun 07, 2016 06:30 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See