Live Breaking News & Updates on National Pension Service Is Rotem No

Hyundai　Rotem s　commuter　train　shipped　to　Taiwan
The Hyundai Motor Group is in the final stages of talks to sell the loss-making rolling stock division of Hyundai Rotem Co. to Germany s Siemens AG which is seeking to gain a foothold in Asia.
Both Hyundai and Siemens had entered negotiations early last year on the rolling stock business carve-out, but have yet to fine-tune the terms and details, according to investment banking sources on Apr. 20.
Hyundai Motor is the top shareholder of Rotem with a 33.8% stake valued at around 1 trillion won ($900 million), including a management premium. The South Korean carmaker s planning and coordination division is spearheading the negotiations. The National Pension Service is Rotem s No.2 shareholder with a 5% stake. ....

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