S.Korea Halla buys car parts maker for $690 mln

Newswire

SEOUL, Jan 21 (Reuters) - South Korea's Mando Corp confirmed on Monday its former parent company, Halla Group, led by Halla Engineering & Construction , has agreed to buy a 73 percent stake in Mando Corp for 650 billion won ($689.7 million). "We were informed by our top shareholders about the agreement," a Mando spokesman said. Halla Group is buying the majority of the brake and steering systems maker from Netherlands-based Sun Sage BV, set up by private equity firms CCMP and ...

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