SOUTH KOREA: Renault Samsung denies creditor stake buy-back
Renault Samsung Motors, the South Korean car manufacturing unit of France-based Renault, on Tuesday denied a local report saying it plans to buy back a 10% stake held by its creditors, according to Dow Jones. The news agency said the Maeil Business Newspaper, citing Renault Samsung chief executive Jerome Stoll, reported, also on Tuesday, that the company plans to buy back its shares from creditors to strengthen its management control.
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