Tuesday, November 23, 2010

Mahindra acquires SSanyong, S Korea,

Close on the heels of Tata Motors acquiring Jaguar and Land Rover, and setting its eyes further, Mahindra drops a bombshell. It was in race with French Renault to acquire Ssangyong Motors of S Korea. Now a deal is signed where in they will get 70% stake in Ssangyong at about $450m.

Do not know when Indian companies will buy into Hyundai, Samsung and LG .. Will it be far behind..?

ge,,

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