Celltrion Holdings to Merge with Healthcare Holdings and SkinQure
[Asia Economy Reporter Park Soyeon] Celltrion Holdings announced on the 26th that it will merge Celltrion Healthcare Holdings and Celltrion Skincure.
Accordingly, the governance structure of the Celltrion Group, which currently has two holding companies, Celltrion Holdings and Celltrion Healthcare Holdings, will be unified.
Celltrion Holdings plans to enhance corporate value by creating synergy and cost-saving effects across the overall management operations of the Celltrion Group.
The Celltrion Group stated that this merger between the holding companies is part of the process of merging the three companies known as the so-called "Celltrion 3 Brothers."
Prior to this, the Celltrion Group had disclosed a merger plan last September involving three companies: Celltrion, Celltrion Healthcare, and Celltrion Pharm.
At that time, the Celltrion Group said it would establish Celltrion Healthcare Holdings, merge it with Celltrion Holdings, and then proceed with merging the three companies in sequence.
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A Celltrion official explained, "As previously disclosed, we intended to merge the holding companies first before merging the three companies, and we have now completed the first step," adding, "This is a preparatory process for merging the three listed companies in the future."
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