Hyundai Group plans rights offer for Hyundai E&C buy

Newswire

SEOUL, Dec 20 (Reuters) - Hyundai Group said on Monday it is planning a multi-trillion won worth rights issue via a French unit of Hyundai Merchant Marines to finance its acquisition of Hyundai Engineering & Construction . Leading creditors of Hyundai E&C said on Friday that they may discuss whether to replace Hyundai Group with Hyundai Motor Group as the preferred bidder for the $4.8 billion stake sale in the builder. (Reporting by Ju-min Park; Editing by Jacqueline Wong)

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