Samsung Life sells $1B worth of shares in Samsung Electronics

BY

Reuters

-

Thu, 31 May 2018 - 09:15 GMT

BY

Reuters

Thu, 31 May 2018 - 09:15 GMT

Samsung is revamping its Bixby digital assistant and making it available on competing devices, ramping up competition with rivals such as Amazon's Alexa - AFP/File

Samsung is revamping its Bixby digital assistant and making it available on competing devices, ramping up competition with rivals such as Amazon's Alexa - AFP/File

SEOUL - 31 May 2018: Samsung Life Insurance Co Ltd said on Thursday it sold 1.12 trillion won ($1 billion) worth of its shares in Samsung Electronics Co Ltd.

The stake sale, aimed at removing regulatory risks, was scheduled to be completed before Thursday’s market opening, it said in a regulatory filing.

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