Hyundai Group submits prelim bid for Hyundai E&C

Newswire

SEOUL, Oct 1 (Reuters) - Hyundai Group, the de-facto holding company of Hyundai Merchant Marine said on Friday that it had filed a letter of intent to buy a controlling stake in Hyundai Engineering & Construction . Hyundai Group has selected M+W Group, a German engineering and project management firm, as its strategic partner, the company spokesman said. Bidders interested in the 35 percent stake in the country's largest builder, worth about $2.56 billion, have until 0600 GMT to file ...

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