BMW’s Brilliance China Partner Considers Selling JV Stake, Sources Say
- JV generates most income for Hong Kong-listed Brilliance China
- Talks said to have been held with automakers including FAW
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Owners of BMW AG’s carmaking partner in China are considering options to raise funds, including selling the company’s stake in its joint venture with the German manufacturer, according to people familiar with the matter.
Preliminary talks regarding Brilliance China Automotive Holdings Ltd.’s 25% stake in its joint venture with BMW are ongoing, no final decision has been made and there may not be a transaction, the people said. Other carmakers involved in the deliberations include China FAW Group Co.