Brembo to acquire 66% stake in ASIMCO Meilian Braking Systems (Langfang)
Brembo S.p.A. signed an agreement with ASIMCO (China) Limited and ASIMCO Technologies Hong Kong Limited to buy 66% stake of ASIMCO Meilian Braking Systems (Langfang) Co. Ltd. at a price of CNY 616 million (approximately EUR 86 million). The remaining 34% is owned by Langfang State-owned Asset Operation Co. Ltd. The c....
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