Saudi prince interested in Korea's Ssangyong-paper

Newswire

SEOUL, Aug 20 (Reuters) - A Saudi Arabian prince is interested in taking over South Korean sports utility vehicle maker Ssangyong Motor Co. , the Maeil Business Newspaper reported on Friday. Prince Bandar bin Sultan, also Saudi ambassador to the United States, hoped to deliver a letter of intent to hold negotiations with Ssangyong's creditors, the report quoted an official at another Korean company backed by the prince as saying. Ssangyong, South Korea's fourth-largest car firm, has been ...

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