Wednesday, October 21, 2009 10:26 AM by
CarWale Team
Tata Motors has had a 21% stake in Hispano Carrocera S. A., a Spanish bus and coach cabin manufacturer that is one of the largest in Europe, since 2005. It has now acquired the remaining 79% shares in Hispano by way of exercising the existing call option, through mutual agreement with the other shareholder, Investalia S. A, Spain. This acquisition demonstrates Tata Motors’ ongoing commitment to Hispano Carrocera.
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