Marcopolo Buys Control of Aussie Busmaker
Brazilian bus body maker Marcopolo has acquired a 75% stake in its Australian counterpart Volgren Australia for AUD52.5m ($52.9m), with additional future earn-out adjustments. The Grenda family that founded Volgren will hold a minority stake in the business, but Marcopolo will retain an option to purchase the remaining 25% stake in 3 years time, the companies announced in...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.