BERLIN (Reuters) -BMW's partner in China has no plans to sell its stake in their joint venture, a document seen by Reuters on Thursday showed, contradicting media reports earlier this week. "Our company and Brilliance China have never talked about the sale of Brilliance China's 25% stake in BMW Brilliance Automotive," said the letter from Shenyang Automotive Company to BMW dated Jan. 16.
(Bloomberg) Brilliance China Automotive Holdings Ltd.’s biggest shareholder is considering options to raise funds including selling the company’s 25% stake in its joint venture with BMW AG, according to people familiar with the matter.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Markets Mixed as Election Result Seen to For