Nissan Distributor Completes Geographical Spread Through Acquisition

Malaysian Tan Chong Motor is the latest company from an emerging market to expand globally, a trend that BMI expects will be a feature of the auto sector over our forecast period to 2014. The company's wholly owned subsidiary, ETCM, is planning to acquire a 74% stake in Nissan Vietnam from Danish Kjaer Group, and is negotiating a joint venture (JV) with Nissan regarding the business. Tan Chong says this completes its Indochina strategy in coverage

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