Hyundai Development wants to reconsider terms of $2.1 bln Asiana Airlines buy

IPark Hyundai Development

09/06/2020 02:12

SEOUL, June 9 (Reuters) - South Korea's Hyundai Development
Co  294870.KS  said on Tuesday it has told creditors of Asiana
Airlines  020560.KS  it wants to reconsider the terms of buying
the troubled carrier due to "unexpected negative situations
coming to light". 
    A consortium led by Hyundai Development Co agreed late last
year to acquire Asiana Airlines for about 2.5 trillion won 
($2.09 billion). 
    Hyundai Development Co said in a statement that it agrees
with creditors on the need to extend the acquisition's agreed
closing date. 

($1 = 1,198.4300 won)

 (Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)
 ((jungyoon.lee@tr.com; +82 2 6936 1467;))