BMW says deal to lift stake in China JV unaffected by Brilliance parent’s debt issues

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0 Share BEIJING/HONG KONG — BMW said Tuesday there was no indication that its deal to increase its stake in its China joint venture with Brilliance would be affected by debt issues at Brilliance’s parent. BMW said in 2018 that it would pay 3.6 billion euros ($4.2 billion) in 2022 for a further 25 percent stake in the venture with Brilliance. “For the BMW Group, there is no indication that the validity of these contracts would be limited by the current situation,” a BMW representative told Reuters on Tuesday. “The BMW Group and the operating business of the joint venture...