Shares of K Car rallied as much as 16 percent, Friday, on reports that Hahn & Co., a Seoul-based private equity firm, decided to sell its controlling stake in the used car retailer. The nation s second-largest private equity firm holds a 72 percent stake in K Car. The latter s market capitalization is around 617.9 billion won ($471.8 million) as of the closing price on Dec. 15. Other details - including the sales price - have yet to be confirmed, but the market estimates the firm s valuation will reach more than 500 billion won.
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