Renault bids for Ssangyong

Car giant is one of seven bidders for troubled South Korean firm
9 June 2010

Renault has submitted a bid to buy troubled South Korean car maker Ssangyong.

The bid, tabled by Renault, Nissan and Samsung, is one of seven reported offers for the firm, which has been through bankruptcy and endured high-profile worker riots in the past year.

Ssangyong is reported to be worth around £350 million.

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