HHI divests Hyundai Motor stake

Surprise placement by ex-Hyundai Motor affiliate, Hyundai Heavy Industries.

Hyundai Heavy Industries (HHI) took advantage of a strong day on the Korean Stock Exchange yesterday (Thursday) to divest a 1.5% stake in Hyundai Motor. The placement follows a formal separation between the two companies and almost clears out HHI's 3.7 million share stake in the motor manufacturer.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media