SOUTH KOREA: HYUNDIA TO BID FOR DAEWOO STAKE.(with DaimlerChrysler)(Brief Article)(Statistical Data Included)

From: IPR Strategic Business Information Database | Date: June 6, 2000 | Copyright information

According to the Korea Herald (June 6, 2000), Hyundai Motor and DaimlerChrysler are near an agreement to establish a consortium in bidding for Daewoo Motor, industry sources disclosed yesterday. Under the consortium scheme, Hyundai and DaimlerChrysler are to take over the local operations of Daewoo by procuring a 19.9 percent and 40 percent stake, respectively, with the remaining 40 percent to be...

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