Hyundai Heavy to buy S.Korea brokerage from CJ-paper

Newswire

SEOUL, May 27 (Reuters) - Hyundai Heavy Industries Co Ltd , the world's top shipbuilder, has agreed to buy two financial units, including a brokerage, from South Korea's CJ Group for some 800 billion won ($765.8 million), a local media reported. Hyundai Heavy reached an agreement with the food-and media- focused group to buy unlisted CJ Investment & Securities Co Ltd and CJ Asset Management Co Ltd, the Korea Economic Daily said in its early Wednesday edition, citing unnamed sources. ...

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