Saudi conglomerate to submit bid for Hyundai E&C -report


SEOUL, Oct 1 (Reuters) - An unidentified Saudi conglomerate plans to submit its bid to buy a controlling stake in Hyundai Engineering & Construction , a local newspaper reported on Friday. "After reviewing several circumstances, it has decided to independently submit a letter of intent," JoongAng Ilbo quoted an agent for the Saudi firm as saying. The paper added the Saudi royal family holds the biggest stake in the conglomerate that runs construction, real estate and financial ...

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