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BMW acquires 75pc stake in China joint venture

BERLIN (XINHUA) – German car maker BMW “strengthens partnership in China” as the extension of the agreement of the joint venture BMW Brilliance Automotive Ltd (BBA) until 2040 took effect on Friday. With the issuance of a new “business licence”, the BMW Group’s share in the joint venture with Brilliance China Automotive Holdings Ltd (CBA)
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