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Hyundai Motor to sell manufacturing facilities in Russia

On December 19, Hyundai Motor Company (Hyundai) announced that its board of directors has approved a plan to sell its entire stake in Hyundai Motor Manufacturing Rus (HMMR LLC) to Art-Finance LLC. Hyundai would receive RUB 10,000 rubles (USD 110.62) for the sale of all its assets in Russia. The contract includes a “b....

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