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BMW to raise stake in Chinese joint venture

2019-01-23T11:35:27Z

Shareholders of Brilliance China Automotive Holdings (CBA) have approved the sale of a 25% stake in BMW Brilliance Automotive (BBA) to joint venture (JV) partner BMW. The German carmaker said it intended to increase its stake in BBA to 75% from 50% last year. CBA agreed to the change, with ...