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FAW considers taking over BMW partner Brilliance
According to
Reuters, the FAW Group, which also produces electric cars for the Chinese market together with Volkswagen and Audi, could spend 7.2 billion US dollars (about six billion euros) for the contemplated takeover and is trying to get other investors on board. Brilliance China Automotive Holdings Ltd is listed on the stock exchange.
Reuters’ sources told the news agency that in the scenarios currently under discussion FAW would first acquire 30.43 per cent of Brilliance from Huachen and another 11.89 per cent from the state-controlled Liaoning Provincial Transportation Investment Group. Subsequently, FAW would then make a mandatory bid for the rest of Brilliance’s shares. They cited a price of 11 Hong Kong dollars per share (1.18 euros), a 70 per cent premium over last month’s average share price of 6.48 Hong Kong dollars. After the report was published, Brilliance shares rose to 7.99 Hong Kong dollars (0.86 ....

Hong Kong , Liaoning Provincial Transportation Investment Group , Huachen Automotive Group , Brilliance China Automotive Holdings Ltd , China Automotive Holdings Ltd , Liaoning Provincial Transportation Investment , ஹாங் காங் , புத்திசாலித்தனம் சீனா தானியங்கி ஹோல்டிங்ஸ் லிமிடெட் , சீனா தானியங்கி ஹோல்டிங்ஸ் லிமிடெட் ,