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Ford Otosan to acquire Ford Romania for EUR 575m

Ford Otosan to acquire Ford Romania for EUR 575m

Koc Holding’s automotive subsidiary Ford Otosan has agreed to acquire its main partner Ford Motor Company’s Craiova manufacturing plant in Romania. As part of the deal, Ford Otosan will pay EUR 575m between 2022 and 2028 for all shares of Ford Romania. An additional payment of up to EUR 140m will be on the table...