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Mahindra to purchase 70% of Ssangyong for US$378 million

A report by Autonews has indicated that Mahindra is set to purchase a 70% stake in troubled Ssangyong, which would give the Indian giant a controlling stake. The report stated that the 70% stake is valued at US$378 million which is about 427.1 billion won. Ssangyong which went into court receivership early last year was ...

 

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