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China’s Shenyang Mulls Buying Brilliance China Stake

  • Stake sale in listed firm could help defaulted owner pay debt
  • Shenyang would effectively control 25% stake in BMW China Unit
Shenyang, Liaoning Province, China. 

Shenyang, Liaoning Province, China. 

Photographer: Nelson Ching/Bloomberg

Updated on

The northeastern Chinese city of Shenyang is considering buying a stake in Hong Kong-listed Brilliance China Automotive Holdings Ltd., giving it exposure to a local joint venture with BMW AG, according to people familiar with the situation.

The municipal government is discussing a potential acquisition of a 30% stake in Brilliance China held by state-backed Brilliance Automotive Group Holdings Co., which is in a court-led restructuring process, the people said, asking not to be identified as the information is confidential.