May 30, 2018 / 7:01 AM / 5 months ago

Samsung Life plans $1.1 bln Samsung Elec stake sale

SEOUL, May 30 (Reuters) - Samsung Life Insurance Co Ltd said on Wednesday it had decided to sell part of its shares in Samsung Electronics Co Ltd 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. ($1 = 1,080.0700 won) (Reporting by Ju-min Park and Joyce Lee; Editing by Stephen Coates)

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