Post Tagged with: "majority"

MAHLE to acquire majority share in Letrika

On June 20, 2014, the MAHLE Group, based in Stuttgart -Germany, signed an agreement for the acquisition of the majority share in Slovenian group Letrika d.d. The conclusion of the agreement is subject to approval by the responsible antitrust and supervisory authorities. MAHLE expects this to be granted in the second half of 2014. The acquisition of approximately 54 percent[Read More…]

by June 27, 2014 Newscast, Web Exclusive
Halla Visteon Climate Control signs agreement to acquire majority stake in China JV

Halla Visteon Climate Control signs agreement to acquire majority stake in China JV

Halla Visteon Climate Control (HVCC) has announced that the company has reached an agreement to acquire an ownership stake in Japan Climate Systems (JCS) Nanjing of 51 percent and become the majority shareholder. The cash transaction, valued at $6.4 million (6.5 billion Korean Won), is subject to adjustments and expected to be finished in the third quarter of 2014, after[Read More…]