S.Korea's Kia plans to sell stake in a steel unit

Newswire

SEOUL, July 28 (Reuters) - South Korea's second-largest automaker, Kia Motors Corp. , is seeking to sell some of its shares in a steel-making unit via block trades, a senior official of Hyundai Hysco said on Thursday. The stake to be sold represents 8 million shares in Hyundai, which sells steel sheets to its car-making affiliates, valued at 113.5 billion won ($110.1 million) at the current share price. Kim Won-kab, the vice chairman of Hyundai Hysco, told a meeting with analysts that ...

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