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Vietnam's Vingroup acquires 51% of Spanish handset maker BQ

Tuesday 4 December 2018 | 11:05 CET | News
Vietnam's retail giant Vingroup, the country's biggest private-sector company, has announced the acquisition of 51 percent of the shares of Madrid-based Mundo Reader, the company behind Spanish handset manufacturer BQ. The transaction was revealed in a statement on Vingroup's website announcing the launch of four new Vsmart-branded smartphones on 14 December and comes after Spanish business daily El Economista reported that negotiations between the two companies were at a very advanced stage. Vingroup said it will be able to produce some 5 million devices a year at its Haiphong plant and that

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Categories: Mobile & Wireless
Companies: bq
Countries: Spain / Vietnam
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