Reports say Lee made informal bid for bankrsquos outstanding share in Korean auto maker

Reports say Lee made informal bid for bank’s outstanding share in Korean auto maker.

GM Korea Declines to Confirm Offer to Buy Back Bank’s 17% Stake

An effortto acquire a bigger share in the Korean unit would be in line with similar moves by GM in Asia, which last week boosted its holdings in its India subsidiary to 93% after acquiring the 43% stake held by Chinese partner SAIC.

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