BMW's increased stake in Brilliance unaffected by Chinese parent's debt issues

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German carmaker BMW said on Tuesday there was no indication that its deal to increase its stake in its joint venture with Brilliance China Automotive would be affected by debt issues at Brilliance's parent. BMW said in 2018 that it would pay 3.6 billion euros ($4.2 billion) in 2022 for a further 25% stake in the venture with Brilliance - its main joint venture in China - adding to its existing 50% holding and giving it control of BMW Brilliance Automotive (BBA).

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BMW's increased stake in Brilliance unaffected by Chinese parent's debt issues originally appeared on Autoblog on Tue, 17 Nov 2020 08:08:00 EST. Please see our terms for use of feeds.

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