Hyundai E&C shareholder to cut sale price by 2.74 pct

Newswire

SEOUL, Feb 25 (Reuters) - A major shareholder of Hyundai Engineering & Construction Co Ltd said on Friday that it has agreed to lower the selling price for a 35 percent stake by 2.74 percent with a consortium led by Hyundai Motor Group, parent of Hyundai Motor Co . If the agreement is approved by other major shareholders, the consortium would be able to buy the South Korean top builder for 4.96 trillion won ($4.37 billion), down from its intial offer of 5.1 trillion won, according to a ...

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