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Wednesday, March 16, 2011

India's Mahindra & Mahindra Seals SsangYong Acquisition


Indian industrial giant Mahindra & Mahindra announced today that it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company, with the deal also signaling that SsangYong is no longer in court receivership. Mahindra won the bid for the troubled Korean carmaker in August 2010.

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