Samsung Elec says no plans to merge with Samsung SDS

People look at Samsung Galaxy S6 phones during a pre-launch event in Singapore April 10, 2015.

/Edgar Su

Tech giant Samsung Electronics Co Ltd (005930.KS) has no plans to merge with sister company Samsung SDS Co Ltd (018260.KS), a senior Samsung Electronics executive said on Wednesday, responding to recent market speculation about such a possibility."The management wants me to express clearly that we do not have a plan to merge with SDS," Robert Yi, Samsung Electronics' head of investor relations, said at a company event in Seoul. Some investors and analysts have said that the two companies may merge in the near future in order to ensure a stable transfer of management control from current Samsung Group [SAGR.UL] leader Lee Kun-hee to his children. (Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)