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Samvardhana Motherson Acquires 11% Stake in Israel’s REE Automotive

The company will complete the $15 million transaction in 30 days

September 17, 2024

/ Tina Freese
/ Electric Vehicles, Finance and M&A
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Automotive component manufacturer Samvardhana Motherson International (SAMIL), through its wholly-owned subsidiary MSSL Consolidated, is acquiring up to 3.64 million Class A shares in Israel-based e-mobility company REE Automotive for $4.122 per share, resulting in a total investment of $15 million.

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Tina Freese

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