BMW's $4.2b China bid highlights value parked in local JVs

                        The German group is paying a hefty premium for control of its Chinese joint venture despite rising trade tensions. Local carmakers should get a price bump.

                        BMW's $4.2b China bid highlights value parked in local JVs

                        Luxury carmaker BMW is coughing up a whopping 3.6 billion $4.2 billion for control of its main joint venture in China, illustrating the value of a placeholder in the world’s largest car market.

                        The Munich-headquartered auto manufacturer has agreed to raise its stake in BMW Brilliance China Automotive Holdings, from 50% to 75%, it said in a statement on Thursday.

                        The deal is positive for the shareholders of its local partner,...

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