Volkswagen will be gaining a 50 per cent stake of JAG as well as an increase of shares within JAC Volkswagen with the newly signed agreement.
VW to Take Over Majority Stake in JAC Joint Venture
Following the cooperation intention formed at the end of May 2020, an investment agreement was signed on 11th June between Anhui Jianghuai Automobile Group Holdings Limited (JAG), the parent company of JAC Motors and Volkswagen (China) Investment Co., Ltd and the government of Anhui Province to further firm up the cooperation.
The newly signed agreement foresees Volkswagen gaining a 50 per cent stake of JAG as well as an increase of shares within JAC Volkswagen, its joint venture for e-mobility, from 50 per cent to 75 percent, thereby gaining management control. The investment is amounted to approximately 1 billion Euro, and the parties intend to close the deal by the end of year, subject to customary regulatory approvals…..
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江淮与大众集团签订合作协议
2020年5月底签订合作意向书后，安徽江淮汽车集团控股有限公司（JAG），江淮汽车与大众汽车集团（中国）的母公司，以及安徽省国资委三方签署了战略合资合作协议，进一步巩固该合作。
在新合约下，大众将获得江淮50%的股权，同时增持电动汽车合资企业江淮大众股份从50%至75%，获得合资公司管理权，实现企业管理模式变革。这项高达10亿欧元的投资，如顺利获得监管部门批准，各方希望在年底前完成此投资交易……
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