S.Korea's AJ Networks considers rental car company stake sale

AJ Networks Co

01/12/2017 08:02

SEOUL, Dec 1 (Reuters) - South Korea's AJ Networks Co 
 095570.KS  said on Friday it was considering the sale of its 
stake in rental car company AJ Rent A Car  068400.KS  and other 
options to beef up its competitiveness. 
    AJ Networks owns a 39.80 percent stake in AJ Rent A Car, 
according to Thomson Reuters Eikon data. 
    South Korea's Maeil Broadcasting Network said on Friday 
Hyundai Motor  005380.KS  has early this week entered detailed 
talks with AJ Networks to buy the rental car firm, citing 
unidentified investment banking and company officials.  
    A Hyundai Motor spokeswoman said the company does not 
comment on market speculation. 
 
 (Reporting by Hyunjoo Jin; Editing by Gopakumar Warrier) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: AJ RENT A CAR SALE/