Samsung Elec says open to M&A for home appliances business

Sun Jan 24, 2016 9:14pm EST
 
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SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd will consider all possible options to grow its home appliances business including mergers or acquisitions, a senior company executive said on Monday.

Suh Byung-sam, head of Samsung's appliances business, also told reporters at a company event that Haier Group's acquisition of General Electric Co's appliances business will have no serious impact on its business in the near term.

(Reporting by Se Young Lee; Editing by Miral Fahmy)

 
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, January 6, 2016. REUTERS/Kim Hong-Ji