Hyundai Heavy places small stake in Hyundai Motor-sources

Newswire

HONG KONG, June 25 (Reuters) - Hyundai Heavy Industries Co has sold a 1.5 percent stake in South Korea's top auto maker Hyundai Motor Co for US$112.84 million, market sources said on Friday. Hyundai Heavy Industries, the world's largest shipbuilder, placed 3.2 million existing shares in the car maker with investors for 40,750 won (US$35.40) apiece, the sources said. The placing price is a 1.8 percent discount to Hyundai Motor's closing price of 41,500 won on Thursday. Credit Suisse First ...

Premium Content (PAID Subscription Required)

"Hyundai Heavy places small stake in Hyundai Motor-sources" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×