SEOUL, March 19 (Reuters) – Samsung Life said in a corporate filing on Thursday that the company will divest 1.3 trillion won ($867.07 million)worth of its stake in Samsung Electronics. The decision is part of efforts to resolve risks from a local regulation on the governance of finance companies, it said. ($1 = 1,499.3000 won) […]
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Samsung Life to divest 1.3 trln won worth of Samsung Electronics’ shares
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SEOUL, March 19 (Reuters) – Samsung Life said in a corporate filing on Thursday that the company will divest 1.3 trillion won ($867.07 million)worth of its stake in Samsung Electronics.
The decision is part of efforts to resolve risks from a local regulation on the governance of finance companies, it said.
($1 = 1,499.3000 won)
(Reporting by Heejin KimEditing by Ed Davies)