US EditionOtokar Moves to Buy Romanian Military-Vehicles Partner Automecanica
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3 Articles
Otokar moves to buy Romanian military-vehicles partner Automecanica
ISTANBUL — Turkish armored-vehicles manufacturer Otokar Otomotiv is expanding its European industrial footprint by signing a memorandum of understanding to acquire a controlling stake in Romania’s Automecanica, according to a disclosure filed on the Public Disclosure Platform (KAP) this week.The memorandum sets out the core principles for acquiring 96.77% of Automecanica’s shares, a Romanian defense company with established production infrastruc…
The Turkish company Otokar buys the majority of the shares of the Mediaš Automechanica, buying a 96% share. After winning the biggest bid for the vehicles covered by Romania's history, the Turkish giant will now have...
The Turkish company Otokar, which is associated with Automechanica S.A. for Cobra blind production, announced that it has signed a Memorandum of Understanding on the purchase of Automechanica S.A. shares.
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