HHI divests Hyundai Motor stake

Surprise placement by ex-Hyundai Motor affiliate, Hyundai Heavy Industries.

Hyundai Heavy Industries (HHI) took advantage of a strong day on the Korean Stock Exchange yesterday (Thursday) to divest a 1.5% stake in Hyundai Motor. The placement follows a formal separation between the two companies and almost clears out HHI's 3.7 million share stake in the motor manufacturer.

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