China's Youngman Auto eyes control of Germany's Viseon bus

Newswire

BEIJING, July 31 (Reuters) - Youngman Automobile Group Co, a privately owned Chinese bus and car maker, plans to take a 74.9 percent stake in Germany's Viseon Bus GmbH for 10 million euros ($12.24 million), a local Chinese government website said. Youngman will also invest an additional 8 million euros in the German company after the purchase, including a 5 million euro loan, according to a statement on the website of Zhejiang province where Youngman is based. ...

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