Jun 28, 2024ACQUISITIONLondon, United Kingdom Aramco to acquire 10% stake in HORSE Powertrain Limited
Aramco signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited, valuing the company at €7.4 billion enterprise value. Renault Group and Geely each retain 45% stakes.
Capacity
5 million powertrain units per year
Productspowertrainsinternal combustion engineshybrid powertrainssynthetic fuels
“This investment will enhance Aramco’s contribution to the global energy transition through the development and commercialization of more sustainable mobility solutions.”media.renaultgroup.com
- 3 sources
- media.renaultgroup.comAramco to acquire 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company established by Renault Group and Geely - Renault Group global media websiteMinatchi TonyJun 28, 2024
- aramco.comAramco to acquire 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company established by Renault Group and Geely | AramcoJun 28, 2024
- autotechinsight.spglobal.comAramco to acquire 10% equity in Geely — Renault’s powertrain joint venture - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJul 3, 2024
Summarized from public sources; check the original articles before acting on it.
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