Israel Corp to invest $225 mln in Asian car venture

Newswire

JERUSALEM, March 28 (Reuters) - Holding company Israel Corp. said on Wednesday it would invest $225 million through its U.S. subsidiary Quantum LLC in a joint venture with a car manufacturer in Asia. A spokesperson declined to identify the car manufacturer or the country in which it is involved in the joint venture. The company will have a 45 percent share in the joint venture, and will supply an additional $180 million in guarantees to help raise capital. Establishment of the joint ...

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