September 20, 2018 / 7:54 AM / 2 months ago

Two Samsung affiliates to sell Samsung C&T shares worth $867 mln

SEOUL, Sept 20 (Reuters) - Two Samsung Group affiliates said on Thursday they had decided to sell their stakes in Samsung C&T Corp worth around a combined 971 billion won ($866.57 million).

Samsung Fire & Marine Insurance said in a regulatory filing that the stake sale was to improve its asset management. And Samsung Electro-Mechanics said in a separate filing that it also decided to unload about 5 million shares in Samsung C&T. ($1 = 1,120.5100 won) (Reporting by Ju-min Park and Heekyong Yang; Editing by Muralikumar Anantharaman)

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