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0.00147257700976713 0.00150262960180312 0.00150262960180312 0.000751314800901562 0.000375657400450848 -0.000751314800901562 -0.00187828700225397 -0.00262960180315553
Stock impact report

Hyundai not in a position to buy back Russian auto factory, Reuters' source says [BNN Bloomberg (Canada)]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: BNN Bloomberg
Along with its affiliate Kia, Hyundai was once the biggest foreign carmaker in Russia. But it sold its plant in St. Petersburg in 2024. Operations at the facility had been suspended since March 2022, a month after Moscow's invasion of its smaller neighbor, which provoked a backlash of Western sanctions that disrupted supply chains and payments. The deal, which saw Hyundai sell 100% per cent of the facility to Russia's AGR Automotive Group for a symbolic 140,000 won (US$97), included a two-year buyback option. That clause expires in January. “It is not a situation where we can buy back the shares,” said the source, who is familiar with Hyundai's internal deliberations but asked not to be named due to the sensitivity of the matter. Hyundai told Reuters in a statement that a final decision has not yet been made on the buyback option. AGR Automotive Group did not respond to a request for comment. Clock is ticking on foreign carmakers' buyback options Though the person did not e Show less Read more
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