UPDATE 2-China's SAIC to buy Ssangyong for $522 mln-source


(Adds analysts, updates shares to close) By Kim Kyoung-wha SEOUL, Oct 27 (Reuters) - Creditors of Ssangyong Motor Co. have agreed to sell the South Korean sports utility vehicle maker to Shanghai Automotive Industry Corp. (SAIC) for $522 million, a source close to the deal told Reuters on Wednesday. Ssangyong has been up for sale since creditors took control of the debt-ridden Korean carmaker in 1999, when its parent, Daewoo Group, failed under a mountain of debt. China's state-run ...

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