
Tarsus set to buy stake in Chinese Auto Fair25th April 2012 | published by EW SHARE
ASIA – Tarsus has conditionally agreed to acquire 50 per cent of the China International Automotive Aftermarket Industry and Tuning (Guangzhou) Trade Fair (GZ Auto).
The joint venture is subject to regulatory approval in China and the deal would cost about RMB112m (US$17.8m), to be completed within the next three months.
Tarsus will pay approximately RMB72 million in 2012,...
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