Volkswagen to acquire 50% stake in Anhui Jianghuai Automobile Group Holding

Volkswagen AG signed a strategic agreement to acquire a 50% stake in Anhui Jianghuai Automobile Group Holding, the parent of JAC Motor, for around EUR 1 billion. The deal is expected to close by the end of 2020.

“Volkswagen said it is to acquire a 50 percent stake of its partner JAC Motor's parent Anhui Jianghuai Automobile Group Holding.”english.anhuinews.com

• 1 source
• english.anhuinews.comAnhui-based carmaker inks strategic deal with VWRitaFeb 28, 2019

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