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Geely to Acquire 26.4% Stake in Renault's Brazilian Subsidiary
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Renault entered into an agreement with Geely Holding Group, under which Geely will hold a 26.4% stake in Renault do Brasil, as announced by Renault. This transaction will continue the strategic cooperation between Renault and Geely, enhancing the development of both brands in Brazil. Furthermore, Renault added that it is in discussions with more automakers, including exploring partnerships with CHERY AUTO (09973.HK) to jointly produce and sell vehicles. AASTOCKS Financial News Website: www.aastocks.com |
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