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Visteon Corp to sell shares in Duckyang joint venture

Wednesday, 19 Mar 2014 08:30am EDT 

Visteon Corp:Reached an agreement to sell its 50 percent ownership stake in a Korean automotive interiors joint venture, Duckyang Industry Co., Ltd in support of its previously announced intentions to divest its interiors business.The sale to certain management shareholders of Duckyang and associated parties for the equivalent of about $24.1 million (25.9 billion Korean Won) is expected to be completed in April. 

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