Renault Samsung denies a newspaper report it plans to make an initial offering of public stock after the auto maker’s new CEO, Francois Provost, assumes his position in September. “The article is not based upon true facts,” a spokeswoman tells Ward’s. The Joongang Ilbo, a Korean-language daily newspaper distributed as supplement to the English-language International Herald Tribune, reports the IPO will finance both development of new RSM vehicles and expansion of the auto maker’s ...
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