Hyundai Motor Group and the nine creditors of Hyundai Engineering & Construction Co. Ltd. sign a memorandum of understanding that will allow the auto maker to take a 34.88% stake in the non-affiliated global construction giant, the largest construction firm in Korea. The main creditor, Korea Exchange Bank, issued a statement confirming the MOU had been duly signed by all parties and that Hyundai Motor is expected to begin its due diligence next week. A KEB spokesman says he is ...

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