Saudi Aramco is set to acquire a 10% stake in Horse Powertrain Limited, a newly established thermal engine joint venture between French automaker Renault and China's Geely. The deal values the joint venture at around $7.9 billion, with an enterprise value of EUR7.4 billion. Aramco had initially indicated an interest in acquiring up to a 20% stake. The strategic partnership aims to advance innovation and technology in the automotive industry.
Saudi oil giant ARAMCO has acquired a 10% stake in Horse Powertrain Limited, a joint venture formed by Renault Group and Geely. The strategic partnership aims to advance innovation and technology in the automotive industry. #ARAMCO #RenaultGroup #Geely #automotive
Renault: Aramco Stake Buy Values Horse At EUR7.4 Bln Enterprise Value https://t.co/Yc0j98ZPms
Aramco to buy 10% stake in Renault, Geely thermal engines JV #oott https://t.co/O38WpaImNI
🔵 ARAMCO TO BUY 10% STAKE IN RENAULT, GEELY THERMAL ENGINES JV Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engine joint venture between Renault and Geely, the Chinese automaker said on Friday. Full Story via Reuters on PiQ Suite https://t.co/JSp0zIE9IH
🔵 ARAMCO TO BUY 10% STAKE IN RENAULT, GEELY THERMAL ENGINES JV Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engine joint venture between Renault and Geely, the Chinese automaker said on Friday. https://t.co/F2LUnZOxHI
Saudi #Aramco reportedly plans to acquire a 10% stake in Horse Powertrain, a newly established thermal engine JV of French automaker #Renault and China's #Geely. https://t.co/7LzELybqFF
Aramco close to agreeing 10% stake in Renault, Geely thermal engines JV, sources say https://t.co/dazHBma1wE https://t.co/byfh9yXeyO
Saudi Aramco to Buy 10% Stake in Renault, Geely Auto JV Oil company had indicated taking a stake of as much as 20% Deal values powertrain, hybrid JV at around $7.9 billion #oott https://t.co/MDTceQVsYW
SCOOP: Saudi Aramco to Buy 10% Stake in Renault, Geely Auto JV https://t.co/nCV9K01vdE via @markets
Saudi Aramco to Buy 10% Stake in Renault, Geely Auto JV https://t.co/XPzXdqMWOF