# 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.

- Type: Acquisition
- Announced: 2019-02-28
- Where: China
- Value: $1.10B (1.00B EUR)
- Status: announced
- Products: automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md) (acquirer)
- [Anhui Jianghuai Automobile Group Holding](https://endata.com/companies/37669.md) (target)

## Sources

- [english.anhuinews.com](http://english.anhuinews.com/newscenter/202005/t20200529_4572225.html), 2019-02-28: "Volkswagen said it is to acquire a 50 percent stake of its partner JAC Motor's parent Anhui Jianghuai Automobile Group Holding."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.