Novares completes acquisition of 20% equity stake in APAG
APAG will use the proceeds from the strategic investment to boost innovation and finance capacity expansion
Novares Venture Capital Fund, the investment arm of the France-based automotive supplier Novares, has completed the previously-announced acquisition of 20% stake in the Switzerland-based APAG Holding, Novares said in a press release on 19 November. The strategic investment, first announced in September this year, was done by Novares through issue of new shares. The transaction was closed on 26 October after receiving all required clearances from the relevant authorities.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here