Samsung Life sells $ 1 billion worth of shares in Samsung Electronics

Samsung Life sells $ 1 billion worth of shares in Samsung Electronics

SEOUL (Reuters) - Samsung Life Insurance Co Ltd said on Thursday it sold 1.12 trillion won ($1 billion) worth of its shares in Samsung Electronics Co Ltd.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo

The stake sale, aimed at removing regulatory risks, was scheduled to be completed before Thursday’s market opening, it said in a regulatory filing.

Reporting by Haejin Choi; Editing by Stephen Coates

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June 23, 2018