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Lumax Auto Technologies, India consolidates subsidiaries, acquires full control of LFAE and Invests in Yokowo JV
On May 29, Lumax Auto Technologies announced the acquisition of the remaining 15.97% stake in Lumax FAE Technologies Private Limited (LFAE) from Francisco Albero S.A.U. (FAE), Spain, for a consideration of INR 19.2 million, taking LFAE to a wholly owned subsidiary. LFAE manufactures oxygen sensors for automotive OEMs....
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