CCI approves JICC and Honda Motor stake acquisition in Hitachi Astemo

The Competition Commission of India approved a proposed combination where JICC-01 Limited Partnership will acquire 20% voting rights in Hitachi Astemo Ltd., Honda Motor Co. will increase its stake from 33.4% to 40%, and Hitachi Astemo will acquire 49% of Hitachi Astemo Electric Motor Systems.

“CCI approved a Proposed Combination which consisted of, (i) acquisition of 20% voting rights in Hitachi Astemo Ltd. by JICC-01 Limited Partnership, (ii) acquisition of an additional six point six per cent voting rights in HAL by Honda Motor Co. Ltd., and (iii) acquisition of 49% shareholding in Hita”azbpartners.com

• 1 source
• azbpartners.comCCI Approves Joint Notice Filed by JICC, Hitachi Astemo and Honda Motor - azbFeb 12, 2024

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