BRIEF-Aramco Completes Acquisition Of 10% Of Horse Powertrain

LUBEREF +0.46%

LUBEREF

2223.SA

109.80

+0.46%

Dec 2 (Reuters) - Renault SA RENA.PA:

  • ARAMCO COMPLETES ACQUISITION OF 10% STAKE IN HORSE POWERTRAIN LIMITED

  • DEAL BASED ON €7.4 BILLION ENTERPRISE VALUE

  • TRANSACTION COMPLETED AFTER SIGNING AGREEMENTS AND REGULATORY APPROVALS

  • HORSE POWERTRAIN BOARD NOW COMPOSED OF SEVEN MEMBERS

  • ARAMCO COMPLETES ACQUISITION OF 10% STAKE IN HORSE POWERTRAIN

  • DANIEL DONGHUI LI TO BECOME CHAIRMAN OF HORSE POWERTRAIN BOARD

  • RENAULT AND GEELY RETAIN 45% STAKE EACH IN HORSE POWERTRAIN

  • RENAULT GROUP RETAIN 45% EQUITY STAKE IN HORSE POWERTRAIN

Source text: ID:nGNE94PN0H

Further company coverage: RENA.PA


(Gdansk Newsroom)

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