M&M fully exits CIE Automotive, accelerates shift to core investments
· livemint.com
Mahindra and Mahindra has sold its entire 3.58% stake in CIE Automotive for €126 million, continuing its strategy to exit non-core investments. The sale aligns with its plan to focus on profitable sectors like automobiles and aerospace.
New Delhi: Mahindra and Mahindra Ltd (M&M) has sold its entire stake in Spanish auto component maker CIE Automotive SA for €126 million, accelerating its stra...