GE seeks to sell remaining Hyundai Capital stake

June 21, 2016 8:21 AM

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SEOUL, June 21 South Korean car maker Hyundai Motor Co said on Tuesday General Electric seeks to sell out of its 20 percent stake in their joint venture, unlisted lender Hyundai Capital, to a third party.

Hyundai Motor and affiliate Kia Motors in December agreed to buy a 23.3 percent stake in Hyundai Capital from GE for 703 billion won ($610.15 million). Hyundai said at the time it could buy the remaining 20 percent GE has in Hyundai Capital in the future.

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