SEOUL (Reuters) - South Korean conglomerate Samsung Group said on Sunday its battery making affiliate Samsung SDI Co Ltd (>> Samsung SDI Co Ltd) will sell 5 million shares in Samsung C&T Corp (>> Samsung C&T Corp) to comply with an order from local regulators.

A Samsung Group spokesman told Reuters SDI will consider options to minimize market impact of selling the C&T shares, which amount to a 2.6 percent stake in the firm worth 727.5 billion won ($624.8 million) based on Thursday's closing levels.

South Korea's Fair Trade Commission said earlier on Sunday that Samsung Group must weaken or break three of its circular shareholding chains after a merger of two affiliates were seen strengthening the chains.

(Reporting by Se Young Lee; Editing by Jacqueline Wong)

Stocks treated in this article : Samsung SDI Co Ltd, Samsung C&T Corp
Valeurs citées dans l'article : Samsung SDI Co Ltd, Samsung C&T Corp, SOUTH, Samsung C&T Corp, FIRM