Morgan Stanley’s Asia-Pacific private equity group, which is headquartered in Hong Kong, has agreed to acquire a 75 percent of Korea’s Ssangyong Corp, a trading company, from its creditors.
The firm will invest 67.8 billion Korean won ($72 million) of equity in addition to the assuming $120 million of Ssangyong debt, making the total transaction worth some $192 million, according to a Morgan Stanley spokesman.
