Universal Partners sells its stake in UK electric motor maker in R880m deal
JSE-listed investment firm sells its 22% stake to Daimler UK as EU looks to transition to electric-powered cars
Universal Partners (UP), the JSE-listed investment firm that targets companies with growth potential in the UK and Europe in particular, has sold its 22% interest in the UK-based electric motor manufacturer YASA to Daimler UK in a £42.8m (R878m) deal.
Daimler UK is a subsidiary of Mercedes-Benz, which will assume 100% of YASA...
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