India's Mahindra CIE Automotive to acquire Bill Forge for $199 million
( September 14, 2016, 06:49 GMT | Official Statement) -- MLex Summary: India’s top auto component supplier Mahindra CIE Automotive Ltd., a joint venture between Mahindra Group and CIE Automotive of Spain, has agreed to acquire 100 percent of Bangalore-based precision forging firm Bill Forge Private Ltd. The $199 million cash-and-scrip deal is expected to be concluded by the end of October.The company's full statement is attached. ...
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