UPDATE 1-CCMP, Affinity sell S.Korea's Mando for $690 mln

Newswire

(Recasts with valuations, background, share price) SEOUL, Jan 21 (Reuters) - Private equity firms CCMP Capital and Affinity Equity have agreed to sell a majority of a South Korean car parts maker to a business group led by Halla Engineering & Construction for $690 million. A Mando spokesman said on Monday the Halla Group is buying a 73 percent stake in the brake and steering systems maker from Netherlands-based Sun Sage BV, set up by CCMP and Affinity. "We were informed by our top ...

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