Thursday, August 23, 2018

GM to provide loans to Korean unit, state-run bank to receive shares: sources

SEOUL (Reuters) – General Motors' planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday.

 

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via GM to provide loans to Korean unit, state-run bank to receive shares: sources August 23, 2018 at 05:42AM
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