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Business deals

Hyundai Development-led group tapped for majority stake in Asiana

Consortium offered nearly $2.2 bn for loss-making South Korean airline

A consortium led by a Hyundai group company and brokerage Mirae Asset Daewoo offered nearly $2.2 billion a controlling stake in South Korea's Asiana Airlines.

SEOUL (Reuters) -- A consortium led by South Korean construction firm Hyundai Development Co has been picked as the preferred bidder for a controlling stake in Asiana Airlines, the firms said on Tuesday.

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