[RSS][South Korea] South Korea's SsangYong Motor sold for US$255 million to local consortium

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[RSS][South Korea] South Korea's SsangYong Motor sold for US$255 million to local consortium

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SEOUL : A consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for 305 billion won (US$254.65 million), SsangYong Motor said on Monday. SsangYong is burdened with high debt and its …

Source: https://imf.einnews.com/article/5602293 ... dUmpZ5m696
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