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Eagers Automotive has struck a binding deal to acquire the remaining 20% stake in EV Dealer Group Pty Ltd, its joint venture with BYD, making it a wholly owned subsidiary. The transaction value was not disclosed.
“Eagers Automotive has struck a binding, unconditional deal to buy out the remaining 20% stake in EV Dealer Group Pty Ltd, the joint venture entity operating its BYD retail network, paying with a mix of cash and Eagers Automotive ordinary shares.”theaussiecorporate.com
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