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Korea M&A Corporation
SsangYong Motor back on sale as Edison’s acquisition fails
South Korean mid-sized automaker Edison Motors’ proposed acquisition of SsangYong Motor has been cancelled due to payment failure, putting the debt-laden SUV maker’s journey to search for new owner back to starting line. According to SsangYong Motor on Monday, its acquisition contract with a consortium led by Edison Motors was terminated after the buyer failed to pay 274.3 billion won ($223.7 mi..
News/M&A
2022. 3. 30. 11:47