Loading…
The Egyptian Competition Authority approved the acquisition by Seres Group Co., Ltd. of a 33.33% stake in the joint venture Beijing Ionchi New Energy Technology Ltd.
The European Commission approved the acquisition of joint control of Beijing IONCHI New Energy Technology (Ionchi) by Mercedes-Benz China, BMW Brilliance Automotive and Seres Group, with each holding a 33.3% stake. Seres joins the venture previously controlled by Mercedes-Benz and BMW.