Hyundai Samho ships out of Posco

Hyundai Heavy Industries and Hyundai Samho Heavy Industries raised $191 million from a clean-up sale of Hyundai Motor shares.

Claims would be based on a breach of international investment agreements, and launched on behalf of Credit Suisse’s AT1 investors from jurisdictions including Hong Kong, Japan, Korea, Singapore and the UAE.

Korea Investment & Securities, KB Investments & Securities and NH Investments & Securities are also winners, along with Citi and Credit Suisse in the foreign categories.

The transaction extends the recent revival in Korean deal flow after a particularly strong first quarter and provides some solace after the Hotel Lotte IPO was pulled.

Robert Huray and Nick Thursby rejoin the investment bank in Singapore.

Nora Yeung will join the German bank in September, after 12 years with Credit Suisse.