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SSANGYONG DEAL
Mahindra says deal to sell SsangYong Motor to Edison terminatedIndian automaker Mahindra, which owned about 75% of SsangYong as of September end, has been looking for a buyer for all or most of its stak...- SsangYong in receivership as Mahindra fails to find buyerThe Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not s...
- SsangYong court rehabilitation may begin early next week as CEO Yea quitsSsangYong has over the last six to nine months failed to secure a letter of intent (LOI) from its likely potential investor, US-based HaaH ...
- Mahindra & Mahindra fails to find buyer for SsangYong in FebruaryMumbai-based M&M holds close to 75% stake in loss-making SsangYong Motors which it had acquired a decade ago for Rs 2,100 crore, or $463 mi...
- SsangYong lender ready to help if M&M staysSouth Korea’s state-run Korean Development Bank (KDB) could play the peacemaker at cash strapped SsangYong Motor, which has filed for court...
- Mahindra set to announce new buyer for SsangYong next weekSsangYong has filed for court receivership with the Seoul Bankruptcy Court after failing to repay loans of about 60 billion won (Rs 408 cro...
- Mahindra subsidiary SsangYong Motor defaults, in talks with financers to rejig loansSsangYong failed to repay the amount to bankers including JPMorgan Chase, BNP Paribas and Bank of America. Mahindra has put SsangYong on th...
- Regulatory hurdles, valuation issues delays M&M’s exit from SsangyongThe Mahindra Ssangyong combine may have to resort to a one-time write-off of foreign investment, which could run into regulatory hurdles, p...
- SsangYong's plans to sell to Haah Automotive hits roadblocksInformed sources say valuation issues may have cropped up with Haah Automotive and the reason for not being able to conclude the stake sale...
- A trade union could derail Haah Automotive's bid for SsangYongThe company’s labour union could resist the incoming partner, Haah for having the backing of Chinese auto company said sources in the know....
- HAAH Automotive likely to submit final investment proposal for SsangYong Motor in 10 daysIf the deal is made, HAAH Automotive Holdings would emerge as one of the majority stakeholders of SsangYong Motor, reducing Mahindra & Mahi...
- HAAH Automotive bid for SsangYong is likely to give entry to China’s CherySources close to the development told ET that HAAH may not have enough money to become a major shareholder of SsangYong with only 23 billio...
- SsangYong in deep crisis as auditor refuses to give opinion on H1 resultsMahindra-owned SsangYong Motors is in the midst of a severe crisis with their auditors Samjong KPMG refusing to deliver an 'opinion' on the...
- Global cos eyeing SsangYong stake as Mahindra looking to scale down role in loss-making bizSeveral global auto companies are said to be in the running for a minority stake in SsangYong Motor Co (SYMC), the ailing South Korean subs...
- M&M unit SsangYong on the lookout for a strategic investorThe development comes in the wake of calls from financial institutions to Mahindra to inject more funds into the South Korean firm, given i...
- SsangYong launches compact SUV Tivoli; first all new vehicle after M&M takeoverConfident of its success, it has further committed 1 trillion won (or 915 million dollars) in the business for the coming three years.
- M&M may be re-rated, driven by tractor sales: Saurabh Mukherjea"The rural economy will continue to boom and tractors will continue to grow as a market and M&M within that will do very well."
- M&M scrip up 3 pc on Ssangyong deal in early tradeMahindra & Mahindra zoomed after the company announced it has signed a definitive agreement with Ssangyong to acquire 70% stake.
- Ssangyong takeover to be completed by Feb-MarET NOW interviewed Bharat Doshi, group CFO, Mahindra & Mahindra, soon after the company’s results. Excerpts
- Ssyangyong buy to make us a global SUV player: Anand MahindraAnand Mahindra says Ssangyong buy will help M&M gain access to global markets.
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