Hyundai E&C shareholders sign MOU with Hyundai Group

Newswire

SEOUL, Nov 29 (Reuters) - Shareholders of Hyundai Engineering & Construction Co Ltd have signed a memorandum of understanding to sell a controlling stake to preferred bidder Hyundai Group, a major shareholder said on Monday. Korea Exchange Bank said in a statement that it had reviewed a clarification report from Hyundai Group about its funding plans for the 35 percent stake, which involves a 1.2 trillion won ($1.04 billion) loan from French investment bank Natixis SA . Shares in ...

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