M&M Acquires 51% Stake in Chinese Firm For $26 Million

M&M Acquires 51% Stake in Chinese Firm For $26 Million

Published by kidmercuryblog
08-18-2008

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M&M Acquires 51% Stake in Chinese Firm For $26 Million

Mahindra & Mahindra Ltd (M&M) has acquired a majority stake in the third largest tractor company in China, Jiangsu Yeuda Yancheng Tractor Manufacturing Co Ltd (Yancheng Tractor), for $26 million. Under the terms of the deal M&M and ...

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