General Electric Co.’s financing unit is considering buying a major stake in Hyundai Card Co., a credit card unit of South Korea’s Hyundai Motor Co., a Hyundai Card spokesman said on Friday.
GE Consumer Finance, which has also invested in Hyundai Motor’s auto finance unit, is looking at opportunities to grow further in the financial sector of Asia’s third-largest economy.
“GE Consumer Finance is positively considering buying a stake in Hyundai Card,” the spokesman said. “Negotiations could start in February.”
For this complete story, please visit S.Korea’s Hyundai Card Says GE Finance Unit May Buy Stake.
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