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BRIEF- Jtekt acquires shares of Sona Koyo Steering Systems for 14.8 bln yen
June 27, 2017 / 4:16 AM / 4 months ago

BRIEF- Jtekt acquires shares of Sona Koyo Steering Systems for 14.8 bln yen

June 27(Reuters) - Jtekt Corp

* Says it acquired 50.4 percent stake in India-based firm Sona Koyo Steering Systems Ltd for 14.8 billion yen in total

* Says it increased stake in Sona Koyo Steering Systems to 70.5 percent from 20.1 percent

* Acquisition plan was announced on Feb. 1

Source text in Japanese:goo.gl/NAq6mY

Further company coverage: (Beijing Headline News)

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