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Announced

BMW and Mercedes-Benz to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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charging service

China

Electronic Components and Equipment

Pending

Friendly

Single Bidder

Joint Venture

Cross Border

Majority

Private

Acquisition

Synopsis

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BMW, a multinational manufacturer of luxury vehicles and motorcycles, and Mercedes-Benz, a luxury and commercial vehicle automotive brand, agreed to form a joint venture. Financial terms were not disclosed. "Both BMW and Mercedes-Benz will apply the expertise gained from global and Chinese charging operations, as well as the in-depth understanding of the Chinese new energy vehicle market, to deliver fast, convenient, reliable, and tailor-made charging solutions for the Chinese market. The cooperation is intended to elevate customer public charging experience," BMW.

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