Hyundai E&C $4.8 bln sale at risk on funding plan

Newswire

SEOUL, Nov 26 (Reuters) - The $4.8 billion sale of a stake in Hyundai Engineering & Construction Co Ltd may be at risk as top shareholders delay signing a deal while awaiting clarification on funding plans from Hyundai Group. Shipping-focused underdog Hyundai Group was unexpectedly picked as preferred bidder for the 35 percent stake on Nov. 16, beating out rival Hyundai Motor Group. [ID:nTOE6AF02D] Hyundai Group offered about 5.5 trillion won ($4.8 billion) -- more than double the ...

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