Renault ups stake in Samsung Motors for $54 mln

Newswire

PARIS, Dec 29 (Reuters) - Renault has exercised an option to buy an additional 10 percent in South Korea's Samsung Motors for 55 billion won ($54.3 million), the French carmaker said on Thursday. Renault is boosting its stake to 80.1 percent by buying a 10 percent holding from former creditors of Samsung Motors. "The contract has just been signed. We exercised an option that was part of the original deal in 2000," a spokeswoman said. Samsung Group [SAGR.UL] owns the remaining 19.9 ...

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