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Samsung Elec says still looking for M&A targets

Thu Jan 22, 2009 10:07pm EST

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SEOUL, Jan 23 (Reuters) - Samsung Electronics Co (005930.KS) remains interested in mergers and acquisitions for growth in various business areas, despite the current economic downturn, an executive said on Friday.

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"We have been looking for growth via mergers and acquisitions since two years ago," Robert Yi, vice president of Samsung Electronics' vice president of investor relations team, told a news conference after quarterly results.

"That has not been changed. We are studying mergers and acquisitions in various areas."

(Reporting by Kim Yeon-hee; Editing by Keiron Henderson)

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