3 Firms Submit Bids for SsangYong Motor Acquisition

SEOUL, April 18 (Korea Bizwire) — Three firms have submitted their bids to acquire the debt-ridden automaker SsangYong Motor Co., sources here said Monday, after a previous sales deal with a local electric vehicle maker fell apart. Local underwear company Ssangbangwool Group, chemical-to-steel conglomerate KG Group and homegrown private equity (PE) firm Pavilion PE submitted [...]