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Ssangyong shares soars on acquistion by M&M: report

India Infoline News Service | Mumbai | September 03, 2010 13:17 IST

M&M has signed an initial agreement to buy stake in Ssangyong

Mahindra & Mahindra Ltd. has signed an initial agreement to buy a majority stake in South Korea's Ssangyong Motor Co. to enhance its technological know-how and expand its product range in the sports-utility-vehicle segment. Mahindra, will conduct a due diligence of the South Korean company's business before finalizing a definitive agreement. Shares of Ssangyong Motor Co. soars 12.8% in Seoul trading.


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113101500569
Ssangyong shares soars on acquistion by M&M: report
Ssangyong shares soars on acquistion by M&M: report
M&M has signed an initial agreement to buy stake in Ssangyong
http://www.indiainfoline.com/article/news-sector-automobiles-ancillaries/ssangyong-shares-soars-on-acquistion-by-m-m-report-113101500569_1.html
September 03, 2010 13:17 IST
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Mahindra & Mahindra Ltd, Ssangyong Motor Co.
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