Hyundai Heavy picked to buy Hyundai Corp -creditor

SEOUL, Sept 29 (Reuters) - South Korea's Hyundai Heavy Industries (009540.KS) was picked to buy trading company Hyundai Corp (011760.KS), Korea Exchange Bank (004940.KS), a leading creditor of Hyundai Corp, said on Tuesday.

A consortium led by STX Group, in which STX Corp (011810.KS) is the de-facto holding company, had also also submitted a a bid for Hyundai Corp but pulled out of the deal. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)