Chinese automaker FAW Group Co. is examining plans to buy Brilliance China Automotive Holdings Ltd. in a deal that may be valued at as much as $7.2 billion, Reuters reported Wednesday, citing two unidentified people with knowledge of the matter.
Brilliance Auto, BMW AG’s partner in China that ran into deep financing troubles last year, would then be taken private by FAW, according to Reuters. The transaction could involve FAW first purchasing the 30.4% of Brilliance Auto that is owned by major shareholder Huachen Automotive Group, along with the almost 12% owned by state-controlled Liaoning Provincial Transportation Investment ...
