Zara Resources to acquire Fox Magnum Automotive for CAD$126M

Zara Resources Inc. signed a definitive agreement to acquire all issued share capital of Fox Automotive Switzerland AG, Magnum Pirex AG and Magnum Courb SAS for CAD$126,000,000 payable in shares. Fox Magnum is a group of European electric automotive companies with interests in electric car manufacturing and fuel cell kits.

“Fox Magnum intends to expand its European electric car manufacturing capabilities to satisfy its order backlog of approximately CAD$40,000,000.”accessnewswire.com

• 1 source
• accessnewswire.comZara Signs Definitive Agreement to Acquire Fox Magnum AutomotiveZara Resources Inc.Aug 17, 2018

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