Samsung investment in Adani's Australian coal operation prompts call for boycott

2 years ago 54

Activists protest at Samsung Electronics store in Sydney over debt purchase by affiliate Samsung Securities

A company in the Samsung Group invested in Adani’s Australian coal operation last year in a deal that has prompted environmental activists to call for a boycott of the Korean conglomerate’s flagship electronics products.

Samsung Securities, a publicly-traded brokerage and part of the broader group of affiliated companies that includes Samsung Electronics, purchased a share of $120m of debt in the Adani-owned Abbot Point coal terminal last year with another Korean firm.

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