May 30, 2018 / 7:14 AM / 21 days ago

Samsung Life plans $1.1 billion Samsung Elec stake sale

SEOUL (Reuters) - Samsung Life Insurance Co Ltd (032830.KS) said on Wednesday it had decided to sell part of its shares in Samsung Electronics Co Ltd (005930.KS) worth 1.2 trillion won ($1.1 billion).

The insurance firm said in a regulatory filing that the disposal was to preemptively remove regulatory risks.

Reporting by Ju-min Park and Joyce Lee; Editing by Stephen Coates

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