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Hyundai Development says consortium closes $2.2 billion acquisition of Asiana Airlines

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South Korean builder Hyundai Development Co said on Friday its conso...

The airline’s top shareholder, Kumho Industrial Co Ltd , put its 31.05% stake up for sale earlier this year as it came under pressure from Asiana creditors to reduce debt at the loss-making carrier.

 

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it's aquisition*

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