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Ali Ülker

December 6, 2010

Hyundai Group, the Korea-based conglomerate controlled by the Chung family, may face further scrutiny over its $4.8 billion bid for a controlling share in Hyundai Engineering & Construction.

Hyundai Group, the Korea-based conglomerate controlled by the Chung family, may face further scrutiny over its $4.8 billion bid for a controlling share in Hyundai Engineering & Construction. 

According to Korea Exchange Bank, one of the shareholders selling its stake in Hyundai E&C, the Hyundai Group will be asked for further details of the bid for the third time amid concerns over the funding of the deal.

September 27, 2010

Hyundai Motor Group, the Korea-based car company controlled by the Chung family, announced 27 September that is plans to bid for a controlling stake in Hyundai Engineering & Construction, which will pit it against another branch of the founding family.

Hyundai Motor Group, the Korea-based car company controlled by the Chung family, announced 27 September that is plans to bid for a controlling stake in Hyundai Engineering & Construction, which will pit it against another branch of the founding family.

July 29, 2008

Family-owned Al-Futtaim Group, the Dubai-based automotive, retail, electronics and financial services conglomerate, is to acquire a majority shareholding in Associated Motorways (AMW), one of the “crown jewels” of Sri Lanka's corporate sector.

Family-owned Al-Futtaim Group, the Dubai-based automotive, retail, electronics and financial services conglomerate, is to acquire a majority shareholding in Associated Motorways (AMW), one of the “crown jewels” of Sri Lanka's corporate sector.

The deal, which is worth in excess of $65 million, means Al-Futtaim will acquire the 51% held by Associated Electrical Corporation and the 20% held by John Keells – both investment holding companies.

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