Saudi Aramco acquires 10% stake in HORSE Powertrain from Renault and Geely

Saudi Aramco signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited, a joint venture between Renault Group and Geely Auto Group, for an enterprise valuation of €7.4 billion. The deal was announced on June 29, 2024.

“Saudi Arabian Oil Company, commonly known as Saudi Aramco, has signed definitive agreements to acquire a 10 percent equity interest in HORSE Powertrain Limited”english.news.cn

• 1 source
• english.news.cnSaudi Aramco acquires 10 pct equity interest in Geely-Renault joint venture company-XinhuaJun 30, 2024

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