South Korea: Mahindra pays US$463m for 70% of Ssangyong

Indian vehicle manufacturer Mahindra & Mahindra (M&M) has signed a definitive agreement to acquire a 70% stake in troubled South Korean vehicle manufacturer Ssangyong Motor (SYMC). The agreement was signed by Dr Pawan Goenka, president, Automotive & Farm Equipment Sectors, M&M, and by Yooil Lee and Youngtae Park, joint receivers Subscribe to Automotive World to … Continued

Indian vehicle manufacturer Mahindra & Mahindra (M&M) has signed a definitive agreement to acquire a 70% stake in troubled South Korean vehicle manufacturer Ssangyong Motor (SYMC). The agreement was signed by Dr Pawan Goenka, president, Automotive & Farm Equipment Sectors, M&M, and by Yooil Lee and Youngtae Park, joint receivers

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https://www.automotiveworld.com/articles/84788-south-korea-mahindra-pays-us-463m-for-70-of-ssangyong/

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