Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Boards of Hyundai Motor affiliates approve signing of $10 billion land deal

Published 09/26/2014, 12:59 AM
Updated 09/26/2014, 01:00 AM
© Reuters Visitor walks past a Hyundai Motor logo at a Hyundai dealership in Seoul
012330
-
005380
-
000270
-
015760
-

SEOUL (Reuters) - The boards of Hyundai Motor Co (KS:005380) and two affiliates on Friday approved the signing of their 10.55 trillion won ($10.12 billion) deal to buy a plot of land in Seoul valued at about a third of that amount, the companies said.

Hyundai Motor will pay 55 percent of the price, followed by Hyundai Mobis Co Ltd (KS:012330) with 25 percent and Kia Motors Corp (KS:000270) with 20 percent, they said.

(Reporting by Hyunjoo Jin; Editing by Jeremy Laurence)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.