Motherson Sumi buys 80% in German firm | business | Hindustan Times
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Motherson Sumi buys 80% in German firm

Leading auto component-maker Motherson Sumi Systems Ltd (MSSL) on Wednesday said it will acquire an 80% stake in Germany’s Peguform Group from Cross Industries AG for an undisclosed sum.

business Updated: Jul 13, 2011 23:11 IST

Leading auto component-maker Motherson Sumi Systems Ltd (MSSL) on Wednesday said it will acquire an 80% stake in Germany’s Peguform Group from Cross Industries AG for an undisclosed sum.

The acquisition will be carried out jointly with group firm Samvardhana Motherson Finance Ltd, the company said.
The acquisition would be carried out through a special purpose vehicle in which MSSL will hold 51% and Samvardhana will hold a 49% share, it said.