China auto giant SAIC names banks for IPO - source


HONG KONG, July 23 (Reuters) - China's second-largest vehicle maker, Shanghai Automotive Industry Corp. (SAIC), has named three banks to help arrange an overseas IPO, a source familiar with the plan said on Friday -- a deal that could be worth US$2 billion. Shanghai Auto has appointed Deutsche Bank , Merrill Lynch and Morgan Stanley to handle the proposed listing, the source said. SAIC, a Chinese partner of General Motors and Volkswagen AG's Shanghai ventures, plans to list shares in its ...

Premium Content (PAID Subscription Required)

"China auto giant SAIC names banks for IPO - source" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×