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)
Comments