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Cenntro Electric, US acquires majority interest of Tropos Motors Europe
On March 7, Cenntro Electric Group Limited announced that it has entered into an agreement with Mosolf SE & Co. KG (“Mosolf”) to acquire a 65% equity interest in Tropos Motors Europe GmbH (“TME”), a wholly-owned subsidiary of Mosolf, for EUR 3.25 million and assume 100% of a shareholder loan from Mosolf to TME for EU....
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