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

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SEOUL (Reuters) – Samsung Life Insurance coverage Co Ltd stated on Thursday it offered 1.12 trillion gained ($1 billion) price of its shares in Samsung Electronics Co Ltd.

FILE PHOTO: The brand of Samsung Electronics is seen at its workplace constructing in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Picture

The stake sale, aimed toward eradicating regulatory dangers, was scheduled to be accomplished earlier than Thursday’s market opening, it stated in a regulatory submitting.

Reporting by Haejin Choi; Modifying by Stephen Coates

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