Sumitomo to acquire 25% of Hay Holding GmbH from Musashi; expanding its automotive business

Green Car Congress
By mmillikinAug 11, 2016, 5:00 am241 pts
Sumitomo Corporation and Musashi Seimitsu Industry Co., Ltd. have reached a basic agreement on the acquisition by Sumitomo Corporation of 25% of the shares of Hay Holding GmbH, a major German manufacturer of automotive parts whose shares are all held by Musashi. Hay, with nine business locations mostly in…

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