M&M, Ruia Group submit bids for Ssangyong Motors

Quoting Samjong KPMG and Macquarie Group Ltd, which are handling the sale

, the industry sources said that the Ruia Group and a South Korean company had submitted bids for the maker of the Rexton SUV. A Ssangyong spokesman said that a South Korean court is planning to pick the preferred bidders this week. Earlier on Aug 7, the board meeting of M&M had approved bidding for Ssangyong, allowing Mahindra and Mahindra to buy a majority stake in Ssangyong.

M&M, Ruia Group submit bids for Ssangyong Motors

By: Cardekho2010

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