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IT

Samsung SDS acquires stake in Vietnam's CMC, becomes largest shareholder

Monday 29 July 2019 | 10:29 CET | News

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Samsung SDS announced it has signed a contract for strategic investment in Vietnamese IT services provider CMC, following their principle agreement in May. Via this investment, which includes share subscription, Samsung SDS reports that it will become the largest shareholder and participate in the board of directors of CMC. Via its investment in CMC, Samsung SDS expects to enhance its foothold in the Vietnamese market, by merging its technology with CMC's local business capabilities such as IT infrastructure and sales network.

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Categories: IT
Companies: CMC / Samsung
Countries: Vietnam
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