Continental acquires Rico Auto's 50% stake in Continental Rico Hydraulic Brakes India

Continental acquired Rico Auto Industries Limited's 50% shares in the joint venture Continental Rico Hydraulic Brakes India Ltd., making it a wholly owned subsidiary. The plant in Gurgaon, India, produces hydraulic brake system components for OEM customers.

“The international automotive supplier Continental, has acquired Rico Auto Industries Limited’s 50 percent shares in the joint venture Continental Rico Hydraulic Brakes India Ltd.”reifendirekt.com

• 1 source
• reifendirekt.comContinental Acquires Joint-Venture Shares from RICO Auto @ reifendirekt.comApr 22, 2022

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