India's Tata to sign deal to buy Daewoo truck unit

Newswire

SEOUL, Feb 18 (Reuters) - A $102 million deal to sell the commercial vehicle unit of South Korea's failed Daewoo Group to India's biggest truck maker, Tata Motors Ltd , would be signed on Wednesday, the South Korean firm said.. The deal will be the latest in a series of sales of failed Korean companies since the 1997-98 Asian financial crisis. Under the contract, Tata would buy the entire stake in the truck maker by acquiring new shares to be issued at the end of March, Daewoo Commercial ...

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