On December 2nd, Saudi Aramco announced that it, through its wholly-owned subsidiary Aramco Asia Singapore Pte. Ltd., successfully completed the acquisition of a 10% stake in Horse Powertrain. This acquisition was completed based on the final agreement signed on June 28, 2024, and has received all necessary regulatory approvals. The investment by Saudi Aramco is based on a company valuation of 7.4 billion euros, with Renault Group and Geely (through its Zhejiang Geely Holding Group and Geely Automobile Holdings Limited) each holding a 45% stake in the company.
沙特阿美完成对雷诺、吉利合资公司10%股权的收购
Saudi Aramco has completed the acquisition of a 10% stake in the joint venture with Renault and Geely.
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