Talbros Automotive Components' board approves to form a joint venture

capital market | Mumbai |

With Sospensioni S.p.A

The board of Talbros Automotive Components in its meeting on 14 November 2011 has granted its approval for entering into definitive agreements for formation of a 50:50 joint venture with Sistemi Sospensioni S.p.A (a wholly owned subsidiary of Magneti Marelli S.p.A), which would undertake the business of design and manufacturing of suspension systems and modules for automotive applications.

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