#ShareSales
Samsung Buys Stake in Chinese Automaker After Being Turned Down as a Supplier
As the saying goes, if you can’t sign a supply agreement with ’em, buy a part of ’em.
That’s clearly not a saying, but that’s what Samsung Electronics Company just did with Chinese electric automaker BYD, handing over $440 million deal for a 1.9 percent stake in the company. According to Bloomberg, a Samsung subsidiary was turned down by China as an approved supplier of batteries to the automaker, so the electronics giant tried another door.
Steph Willems
Jul 21, 2016
4
PSA Peugeot Citroen, Dongfeng, France Reach Outline Deal
PSA Peugeot Citroen, Dongfeng and the French government have reached an outline deal to raise $5.5 billion in capital through a planned share sale in a last-ditch effort by PSA to remain alive after General Motors walked out of a similar deal over the Iranian market last year.
Cameron Aubernon
Feb 13, 2014
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