FILE PHOTO: A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer
BEIJING (Reuters) – Anhui Jianghuai Automobile Group (JAC Motors) (600418.SS) said on Friday that German automaker Volkswagen AG (VOWG_p.DE) agreed to buy 50% of its parent company Anhui Jianghuai Automobile Group Holding.
Reuters reported on Wednesday that Volkswagen is in final talks to invest in the Hefei-based state-owned automaker.
Reporting by Yilei Sun and Brenda Goh
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