Brembo completes acquisition of 66% stake in ASIMCO Meilian Braking Systems  [ China ]

Brembo S.p.A. announced that it has completed the acquisition of a 66% stake in the share capital of ASIMCO Meilian Braking Systems (Langfang) Co., Ltd. The transaction consideration was set at RMB 574,356,000, equal to approximately EUR 78 million. The remaining 34% of ASIMCO's share capital will be held by the state-owned company Langfang Assets Operations Co., Ltd. ASIMCO Meilian Braking Sys...
<May 19, 2016>