Seoul: Samsung SDI Co., the battery arm of Samsung Group, announced it plans to consider selling its stake in Samsung Display Co. as a strategy to generate funds for investment and enhance its financial standing. This decision was disclosed in a regulatory filing presented to its board of directors earlier in the day.

According to Yonhap News Agency, Samsung SDI currently possesses a 15.2 percent stake in Samsung Display, a non-listed affiliate of Samsung, which is estimated to be valued at approximately 10 trillion won (US$6.8 billion). The remaining shares of Samsung Display are held by Samsung Electronics Co.

Samsung SDI has indicated it will release more information regarding the potential sale, including details on the buyer, the size of the transaction, conditions, and the timing, through future regulatory filings. Furthermore, during its earnings conference call this month, Samsung SDI suggested that it is evaluating several approaches, such as leveraging existing assets, to secure funds for its investment initiatives.