Indian truck maker Mahindra & Mahindra Ltd. reportedly agrees to pay $378 million for a 70% stake in Korea’s Ssangyong Motor Co. Ltd., which has been under bankruptcy protection since July 2009. The deal, which still requires approval by the Korean company’s creditors, includes the assumption of some of Ssangyong’s corporate debt. Mahindra expects to complete the acquisition by March. Mahindra signed a memorandum of understanding in August to take a majority stake in the struggling ...
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