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Article: Argentum Motors to acquire French automaker Heuliez.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 13, 2008
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Argentum Motors to acquire French automaker Heuliez
New Delhi Aug 13 (PTI) Automotive contract manufacture Argentum Motors today said it will acquire majority stake in French automaker Heuliez S.A for 25 million euros (around Rs 160 crore).
Argentum has a signed a definitive document agreement for the acquisition of controlling stake in Heuliez S A, the company said in a statement.
As per the agreement, Heuliez will support Argentum by distributing Argentum products in Europe and Heuliez Manufacturing would utilise its facilities in Cerizay, India, Spain and Slovakia to build cars and automotive parts for the global market, it added.
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