GE Unit to Buy Shares in S. Korea Hyundai Card

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003013-ge-unit-to-buy-shares-in-s-korea-hyundai-/

General Electric Co.’s financing unit is set to buy a 40 percent stake in a credit card arm of South Korea’s Hyundai Motor Co. for an estimated $391 million, sources familiar with the deal said on Wednesday.

Once a deal is completed, the U.S. company might also begin talks to invest in an auto financing arm of Hyundai Motor in the United States, one source said.

For this complete story, please visit GE Unit to Buy Shares in S. Korea Hyundai Card.

GE Unit to Buy Shares in S. Korea Hyundai Card

Unknown Author

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