Hyundai Development group closes $2.2b deal to buy Asiana Airlines

Hyundai Development group closes $2.2b deal to buy Asiana Airlines

REUTERS/Kim Hong-Ji

South Korean builder Hyundai Development Co said on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the country’s second-biggest carrier Asiana Airlines Inc.

Hyundai Development said out of the 2.5 trillion won its consortium with Mirae Asset will pay for the acquisition, its portion was 2.01 trillion won.

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