Israel Corp says China's Chery is Asian car partner


JERUSALEM, April 12 (Reuters) - Holding company Israel Corp. said on Thursday the Asian joint venture it had recently announced is with a subsidiary of China's Chery Automobile Co. Ltd. Israel Corp. said it would invest $225 million through its U.S. subsidiary Quantum LLC for a 45 percent share in a joint venture with Chery, a medium-sized but fast-growing player in east China, and would supply an additional $180 million in guarantees to help raise capital. The joint venture, which aims ...

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