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

Samsung Electro-Mechanics

20/09/2018 08:27

SEOUL, Sept 20 (Reuters) - Two Samsung Group affiliates said
on Thursday they had decided to sell their stakes in Samsung C&T
Corp  028260.KS  worth around a combined 971 billion won
($866.57 million). 
    Samsung Fire & Marine Insurance  000810.KS  said in a
regulatory filing that the stake sale was to improve its asset
management. And Samsung Electro-Mechanics  009150.KS  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)
 ((ju-min.park@thomsonreuters.com; +82 2 3704 5650; Reuters
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