UPDATE 1-Faurecia buys stake in China car part supplier

Newswire

* Takes 18.75 pct stake in Xuyang Group * To carry out reserved capital increase (Adds detail) PARIS, June 30 (Reuters) - French car parts maker Faurecia plans to buy a stake in one of the main suppliers to state-owned Chinese automaker FAW Group to build its position in the world's biggest car market. Faurecia will take the 18.75 percent holding in the capital of Xuyang Group through a reserved capital increase, it said in a statement on Wednesday. The deal will broaden Faurecia's ...

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