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© Reuters. FILE PHOTO: A girl sporting excessive heel will get out of Geely Vehicle Holdings’ Borui sedan in the course of the Auto China 201 present in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon
(Reuters) – China’s Geely Vehicle Holdings (OTC:) on Tuesday agreed to amass round 34% of Renault (EPA:) Korea Motors, a unit of French carmaker Renault Group, for 264 billion gained ($207.16 million), to develop into the nation’s electrical automobiles market.
Renault Korea Motors will subject 45.4 million shares for five,818 gained per share to Geely’s unit Centurion Industries Restricted.
($1 = 1,274.3600 gained)
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