Hyundai Capital to sell remaining stake in affiliate

Newswire

SEOUL, May 29 (Reuters) - Hyundai Capital Services Inc., a financing unit of South Korea's Hyundai Motor Group, said on Tuesday it will sell its remaining 1 percent stake in affiliate Hyundai Mobis Co. , in a deal that could be worth around $70 million. Hyundai Capital, also 43 percent-owned by General Electric Co. , will sell about 857,500 shares of Mobis via a block sale, a spokeswoman for the auto financing firm said. JP Morgan Chase will manage the deal but details such as the ...

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