Ssangyong Motor Co. Ltd. is declining comment on a disclosure by the Seoul Invest equity fund it is looking for investors to acquire a 51% share in the beleaguered auto maker. “We have read reports of the Seoul Invest plan, but we have received no proposal from that private-equity fund and so cannot comment,” a Ssangyong spokesman tells Ward’s. Analysts say no equity fund could give serious consideration to a major acquisition without discussing the possibility with senior managers and ...
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