May 30, 2018 / 6:22 AM / 6 months ago

Samsung Life to sell $925 mln Samsung Elec stake via block deal -report

SEOUL, May 30 (Reuters) - Samsung Life Insurance Co Ltd plans to sell part of its shares in Samsung Electronics Co Ltd worth 1 trillion won ($925.75 million), local media reported on Wednesday.

ChosunBiz cited an unidentified finance industry source as saying Samsung Life’s board had passed the sale plan.

An official at Samsung Life said he was checking the report.

$1 = 1,080.2000 won Reporting by Ju-min Park

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