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Samsung to merge two business units

Shipbuilding unit will combine with engineering in deal valued at 2.5t won

Work in progress: Samsung Heavy will tap Samsung Engineering's expertise in project management and design while the engineering company will be able to broaden its business to the offshore sector. - PHOTO: REUTERS

[SINGAPORE] Samsung Group, whose billionaire chairman has been hospitalised since May, will merge its shipbuilding and engineering units as South Korea's largest conglomerate prepares for possible succession. Samsung Heavy Industries Co, the world's third-largest maker of ships, will combine