Samsung SDI will sell 13.09 million shares of its affiliate, Samsung Display, for approximately $3.21 billion to fund future investments. Samsung Display will repurchase the shares as treasury stock, with the transaction expected to close on August 27.

The share sale will provide Samsung SDI with capital for strategic investments in areas like energy storage systems, potentially impacting its competitive position in the battery market. It also signals a recalibration of its financial strategy in response to market conditions.
Samsung SDI announced it will sell 13.09 million shares of its affiliate, Samsung Display, for approximately 4.45 trillion won ($3.21 billion). The sale aims to raise funds for future growth investments and improve the company's financial health amid a slowdown in the electric vehicle market. Samsung Display plans to acquire these shares as treasury stock at 340,000 won per share. The transaction is slated to conclude on August 27, though final figures may adjust. Following the sale, Samsung SDI will retain a 10.22% stake in Samsung Display. This move aligns with Samsung SDI's strategic shift towards cost-competitive lithium iron phosphate cells for energy storage systems, driven by AI data center demand. The company has previously considered various measures to secure cash for investment projects, with a stake sale likely chosen over a rights offering due to prior shareholder concerns.