Aramco completes 10% stake acquisition in Horse Powertrain joint venture

Aramco has completed its acquisition of a 10% stake in Horse Powertrain, a joint venture between Renault and Geely, valued at $7.8 billion (€7.4 billion). Renault and Geely each retain 45%.

“Aramco has completed its 10% stake acquisition in Horse Powertrain as part of its efforts to develop new mobility solutions to reduce transport emissions.”forbesmiddleeast.com

• 1 source
• forbesmiddleeast.comAramco Completes 10% Stake Acquisition In Renault-Geely Powertrain JVJoyce Abaño, Kishore Kumar, Syed Saadain GardaziDec 2, 2024

Summarized from public sources; check the original articles before acting on it.