Samsung SDI says to sell $3.2 billion worth of Samsung Display shares back to display maker

Samsung SDI plans to sell 13.09 million shares of its affiliate Samsung Display for approximately $3.21 billion, according to a regulatory filing. The transaction aims to raise capital for future investments. Samsung Display will repurchase the shares as treasury stock at 340,000 won each. The deal is set to close on August 27, though the final share count and value may vary during the repurchase process. After the transaction, Samsung SDI will retain 26.77 million shares, representing a 10.22% stake in the display maker.