Argentum Motors to pick up stake in Heuliz SA

Delhi based Argentum Motors has announced that it will be picking up a 60% initial controlling stake in the troubled French Automobile company Heuliez SA. It will invest Euros 25 million (INR 158 crore) in this company. Besides, the French Company Reorganization board Caisse des Dépôts et Consignations (CDC) has committed that it will invest euros 5 million in Heuliz SA. 

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