FRANKFURT (Reuters) – German carmaker BMW said it was developing its joint venture with China’s Brilliance but did not confirm reports it would raise its stake in BMW Brilliance Automotive (BBA).
“We cannot comment in detail on the state of our ongoing discussions with our partner Brilliance at this point in time,” BMW said in an e-mailed statement on Thursday.
Business - Magazine - Manager - Magazin - BMW
German business magazine Manager Magazin said BMW was to increase its stake in BBA to at least 75 percent from 50 percent. Bloomberg News reported a new ownership structure was to be unveiled soon, citing a person familiar with the plan.
The news comes two weeks...
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