Samsung Group sells shares in chemical, defense arms for $1.7 billion

Nov 25 2014 9:09PM EST | Source: REUTERS Technology

SEOUL (Reuters) - South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.