Korea Ind says in sale talks with Hyundai Motor

Newswire

SEOUL, Aug 30 (Reuters) - Shares of Korea Industry Development Co soared after the bankrupt construction company said on Friday it was trying to find a buyer. The company issued a statement after being asked by the Korea Stock Exchange's request to clarify rumours that the country's largest automaker Hyundai Motor Co is in talks to acquire Korea Industry. "We're pursuing M&A but nothing concrete has been decided," said Korea Industry, which went bankrupt last year undersnowballing ...

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