Aramco to acquire 10% stake in HORSE Powertrain from Renault and Geely

Aramco, through a wholly owned subsidiary, signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited from Renault Group and Geely, based on a €7.4 billion enterprise valuation. The deal is subject to regulatory approvals.

“Aramco’s investment is expected to directly contribute to the development and deployment of affordable, efficient, and lower-carbon emission internal combustion engines globally.”my.gov.sa

• 1 source
• my.gov.saAramco to Acquire 10% Equity Interest in Renault-Geely's HORSE Powertrain | National Platform (National Portal)Feb 12, 2025

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