News: Hyundai Glovis Co Ltd (086280.KS)

086280.KS on Korea Stock Exchange

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Thu, Feb 5 2015

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Hyundai Motor family succeeds at Glovis stake sale on second attempt

SEOUL - Hyundai Motor Co's chairman and his son sold $1.1 billion worth of shares in logistics firm Hyundai Glovis Co Ltd, finding success in their second attempt at a sale after committing to a long lock-up period for their remaining stakes and slashing the price.

UPDATE 2-Hyundai Motor family succeeds at Glovis stake sale on second attempt

* Two year lock-up period, cheaper pricing helped this time (Recasts, adds analyst comment and share moves)

Hyundai Motor family sold $1.1 bln stake in affiliate-sources

SEOUL - The chairman of Hyundai Motor Co and his son successfully sold their entire 13 percent stake in shipping and logistics affiliate Hyundai Glovis Co Ltd offered in a block deal worth about 1.16 trillion Korean won ($1.07 billion), two persons with direct knowledge of the matter said on Friday.

Hyundai Motor family sold $1.1 billion stake in affiliate: sources

SEOUL - The chairman of Hyundai Motor Co and his son successfully sold their entire 13 percent stake in shipping and logistics affiliate Hyundai Glovis Co Ltd offered in a block deal worth about 1.16 trillion Korean won ($1.07 billion), two persons with direct knowledge of the matter said on Friday.

UPDATE 1-Hyundai Motor family sold $1.1 bln stake in affiliate-sources

* Cheaper pricing, longer lock-in period seen having helped (Add details on lockup, reason for block deal)

Hyundai Motor family sold $1.1 bln stake in affiliate-source

SEOUL, Feb 6 - The chairman of Hyundai Motor Co and his son successfully sold their entire 13 percent stake in affiliate Hyundai Glovis Co Ltd offered in a block deal worth about 1.16 trillion Korean won ($1.07 billion), a person with direct knowledge of the matter said on Friday.

Hyundai Motor family on track to sell all of stake offered in affiliate-source

SEOUL, Feb 5 - The chairman of Hyundai Motor Co and his son are on track to sell all of the 13 percent stake in logistics and shipping affiliate Hyundai Glovis Co Ltd offered in a block deal worth about $1 billion on Thursday, a person with direct knowledge of the matter said.

Hyundai Motor chairman, son try again to sell $1 billion stake in affiliate

SEOUL/HONG KONG - The chairman of Hyundai Motor Co and his son on Thursday offered to sell a $1 billion stake in logistics affiliate Hyundai Glovis , a month after a similar attempt failed because investors questioned its rationale.

Hyundai Motor chairman, son to sell $1 bln stake in Hyundai Glovis

SEOUL, Feb 5 - The chairman of Hyundai Motor Co and his son on Thursday restarted the sale of a 13 percent stake in Hyundai Glovis Co Ltd worth about $1 billion, according to a term sheet seen by Reuters.

UPDATE 1-Market Chatter-Corporate finance press digest

Jan 13 - The following corporate finance-related stories were reported by media:

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