SEOUL: South Korean automaker Hyundai Motor plans to sell its plant in Russia for a token 7,000 roubles ($77.67), a company official said on Tuesday.
Hyundai Motor also said in a regulatory filing that it will take a 287 billion won ($219.19 million) loss on selling the plant, which has suspended its operations since March, 2022.
Hyundai Motor breaks ground on $1.5bn EV plant in South Korea
The automaker said in a statement that it is currently making final arrangements with Russia’s Art-Finance to agree a deal.
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