Miracle Oruide Guangzhou Auto Parts Remanufacture

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Acquisition

Apr 10, 2023ACQUISITIONChina
Stellantis to take 32% stake in Miracle Automation's engine remanufacturing unit
Stellantis, through its unit Automobiles Peugeot, plans to take a 32% stake in Miracle Oruide Guangzhou Auto Parts Remanufacture, a subsidiary of Miracle Automation Engineering, by raising the unit's registered capital. The deal aims to expand into auto parts recycling and refabrication.
Stellantis acquirer Miracle Automation Engineering target Miracle Oruide Guangzhou Auto Parts Remanufacture target #Automotive Components yicaiglobal.com

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