British automotive company Inchcape Plc is acquiring a 60-percent controlling stake in CATS Group of Companies, a leading distributor of luxury vehicles in the Philippines.
Inchcape, the leading global automotive distributor, formed a joint venture with CATS Group which includes the acquisition by Inchcape of a controlling 60-percent stake, with the remaining 40 percent held by the CATS’ founding Ang family.
Inchcape Philippines, the joint venture, combines…
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