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New Deal


Announced

SAIC Motor to invest $382m in QingTao.

Financials

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Transaction Value£309m
Consideration TypeCash
Capital Owned4%
Capital Bid For11%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Production Technology Equipment

Minority

Acquisition

battery maker

Domestic

China

lithium-ion batteries

Friendly

Public

Pending

Synopsis

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SAIC Motor, a Chinese state-owned automaker, agreed to invest $382m in QingTao, a solid-state lithium-ion battery maker. The proposed investment, subject to the approval of QingTao’s existing shareholders, will boost SAIC Motor’s stake in the firm to about 15.29% from the current 4.2%.

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