SEOUL, Aug ⁠21 (Reuters) - Samsung SDI said ⁠on Friday it will ‌sell 13.09 million shares in affiliate Samsung Display to the ​display maker for about ⁠4.45 trillion ⁠won ($3.21 billion), to raise funds ⁠for ‌investments in future growth engines.

Samsung Display ⁠plans to buy the shares ​as ‌treasury stock at 340,000 won ⁠each, ​Samsung SDI said in a regulatory filing. The ⁠transaction is scheduled to ​close on August 27, though the final number of ⁠shares and value could change during the repurchase process.

Samsung SDI will retain 26.77 ​million Samsung ⁠Display shares, equivalent to a ​10.22% stake, ‌after the transaction.

($1 = 1,385.7900 ​won)

(Reporting by Joyce LeeEditing by Ed Davies)