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 ...

Premium Content (PAID Subscription Required)

"Renault ups stake in Samsung Motors for $54 mln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×