Hyundai Motor Group to acquire 5% stake in Korea Zinc for $398 mln
SEOUL, Aug 30 (Reuters) - Hyundai Motor Group said on
Wednesday that it would acquire a 5% stake in Korea Zinc for 527.2 billion won ($397.74 million).
The stake purchase is part of the automobile group's
collaboration with the smelter to ensure a stable supply chain
for electric vehicle batteries, Hyundai Motor Group said in a
($1 = 1,325.5000 won)
(Reporting by Ju-min Park; Editing by Muralikumar Anantharaman) firstname.lastname@example.org))
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