International. Sharp is the main manufacturer supplier of LCD screens of Samsung and so that the latter can continue to lead the market of smartphones and televisions without problems, it took 3% of the shares of Sharp.
The transaction announced this week, carried out in Japan, had a cost of more than 84 million euros and allowed Samsung to keep 35.8 million shares, which had a cost of 290 yen per share.
After knowing the news, Samsung clarified that the idea is to guarantee the continuity of the screens for its different references of smartphones, tablets and televisions, among other equipment, but that in no case will they be involved in the administration of Sharp.
With this transaction it is expected that Sharp can also improve its finances, as they have not been good in recent years due to the economic crisis. To this investment are added other actions such as the elimination of 5,000 jobs during 2012, the sale of assets and some of its assembly plants.
According to the latest known data, last year the company lost 1.45 billion euros, due to the fall in global demand for televisions.
