F.C.C. to convert Indian joint venture into wholly-owned subsidiary  [ India ]

F.C.C. Co., Ltd. announced that it will dissolve its joint venture with Rico Auto Industries Ltd. in India. F.C.C. will acquire 50 percent of the shares of the joint venture, FCC Rico Ltd., from Rico Auto for INR 4.95 billion (approximately USD 80.6 million), converting the joint venture into its wholly-owned subsidiary. The transaction is expected to close in November 2014. FCC Rico manufactur...