[THE INVESTOR] Samsung SDS, the IT solutions unit of Samsung Group, denied once again on Monday speculations that it will spin off its logistics business to merge it with Samsung C&T, the group’s construction and trading unit and de facto holding company.

“We have not been considering selling or splitting our logistics business to be merged with Samsung C&T,” the company said in a regulatory filing. “We have no plan to do so in the future.” 

The announcement comes after Samsung SDS announced it will divide its logistics solutions business to foster competitiveness in the field. With no specific plans being revealed, industry watchers have speculated that the company’s logistics and IT solutions businesses could be merged with Samsung C&T and Samsung Electronics, respectively.

Minority investors strongly oppose the spin-off plan that they claim could affect negatively the company’s stock prices.

Samsung SDS started its logistics business in 2012 and made its stock debut in 2014 on the local bourse. The company posted 2.6 trillion won ($2.30 billion) in sales last year due to strong demand from other Samsung companies, especially Samsung Electronics.



By Lee Ji-yoon  (jylee@heraldcorp.com)