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SAIC Motor completed the acquisition of a 71% stake in Dongzheng Auto Finance for $237m.

Financials

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Transaction Value£189m
Consideration TypeCash
Capital Owned-
Capital Bid For71%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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China

Majority

auto finance

Friendly

Completed

Consumer Lending

Acquisition

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Synopsis

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SAIC Motor, an automaker, completed the acquisition of a 71% stake in Dongzheng Auto Finance, an auto finance products and services provider, for $237m. The acquisition is “conducive to the cooperation between both companies at the business level,” SAIC said. It will enable the automaker to provide a wide range of customer resources for Dongzheng AFC, the company added, noting that it also will help SAIC to develop its auto finance business.

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