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Aabar ties up with Korean firm for Hynix bid

Seoul, August 25, 2011

Abu Dhabi state-owned fund Aabar has teamed up with South Korea's STX Corporation to bid for the world's No. 2 memory chipmaker Hynix Semiconductor, a source said.

'Aabar is fine-tuning investment details with STX and three or four small funds will come along with it,' the source revealed on Wednesday.

The Aabar-STX collaboration comes as the sale of Hynix is in doubt with shareholders yet to agree bid structure.-Reuters




Tags: Aabar | STX | Bid | Abu Dhabi fund | Hynix | korean firm | chipmaker |

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