Private equity joins Ssangyong bid
Seoul Investment, a Korean private equity firm, has joined the bidding for local carmaker Ssangyong Motor Co., alongside Indian strategic bidders Mahindra & Mahindra Ltd., and Ruia Group, Renault SA, and Korean industry peers SM Group and Young An Hat Co., according to reports.
Shares in the struggling company, one of Korea's smallest leading carmakers, surged on reports of the bids. Ssangyong, which received bankruptcy protection in February 2009, could eventually sell for up...
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