Zurich to sell stake in New China Life

ZURICH Wed Nov 20, 2013 5:17am EST

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ZURICH Nov 20 (Reuters) - Zurich Insurance Group said on Wednesday it was selling its stake in New China Life Insurance Company (NCI).

Zurich said it would sell 292,500,000 Hong Kong shares in China's third-biggest life insurer, representing 9.4 pct of the total issued share capital.

The shares will be sold as a block trade conducted on the Hong Kong Stock Exchange, Zurich said. (Reporting by Alice Baghdjian)