Mitsubishi Corp to halve stake in Hyundai Motor

Newswire

TOKYO, Feb 18 (Reuters) - Mitsubishi Corp , Japan's top trading house, said on Wednesday that it had decided to sell half of its stake in Hyundai Motor Co Ltd to Hyundai Mobis , as part of a business streamlining. Mitsubishi said it would sell half of its 2.1 percent stake in the South Korean auto company, unloading 2,297,030 shares. The company said it would pocket about 6.5 billion yen ($61.54 million) on a consolidated basis from the sale, but added that it had no plan to revise its ...

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