U&I joins Edison Motors consortium to acquire SsangYong Motor

Medical device maker U&I has joined a consortium led by Edison Motors to acquire SsangYong Motor, which is under bankruptcy court management. Edison EV plans to acquire U&I shares worth about 15.5 billion won ($12.89 million) next month.

“The Edison Motors consortium on Thursday said that Edison Motors, Edison EV, and U&I have signed a multi-party business agreement to cooperate on the acquisition.”pulse.mk.co.kr

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• pulse.mk.co.krMedical device maker U&I joins SsangYong Motor acquisition consortium - 매일경제 영문뉴스 펄스(Pulse)Feb 24, 2022

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