|Bid||107,500.00 x 0|
|Ask||108,000.00 x 0|
|Day's Range||106,000.00 - 109,500.00|
|52 Week Range||93,800.00 - 146,500.00|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Volkswagen is likely to launch the sale of transmissions maker Renk in the autumn as the German carmaker streamlines operations to free up funds for investment in electric vehicles, people close to the matter said. Volkswagen said last month it would explore a full or partial sale, joint ventures or partnership for Renk, which has a market capitalisation of 700 million euros ($785 million). Renk is 76%-owned by Volkswagen's family ownership holding Porsche SE, with the rest of the shares widely held.
* Shipment comes at a time of refinery outages in U.S. SINGAPORE, March 28 (Reuters) - Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who closely monitor petrol trade flows said on Thursday.
SEOUL (Reuters) - Samsung Heavy Industries turned down an offer to take over rival shipbuilder Daewoo Shipbuilding & Marine Engineering, the top shareholder of Daewoo said on Tuesday. State-funded Korea ...
Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market. State-funded Korea Development Bank (KDB) owns 55.7 percent of Daewoo, and has said it intends to sell the stake and consolidate the country's three biggest shipbuilders - which includes Samsung Heavy Industries Co Ltd - into two. The combination of two of the giant shipbuilders would ease competition and excess capacity, which have depressed ship prices, KDB Chairman Lee Dong-gull said at a news conference.
SEOUL (Reuters) - Korea Development Bank, the biggest shareholder of Daewoo Shipbuilding and Marine Engineering Co Ltd, on Thursday said it has signed a conditional deal with Hyundai Heavy Industries Group ...
SEOUL (Reuters) - South Korean shipbuilding giant, Hyundai Heavy Industries Group, is interested in buying a stake in rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on ...
State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. Saudi Aramco is already the biggest shareholder in South Korea's No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South's smallest refiner by capacity.
When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary. To support their family, Lee's wife took a minimum wage job at a Hyundai Motor supplier. The Lee family's fortunes mirror the decline of Ulsan, which is now reeling from Chinese competition, rising labour costs and its over-reliance on Hyundai - one of the giant, family-run conglomerates or chaebol that dominate South Korea.