Vietnam's Vingroup moves to gain control of French device maker Archos

Tuesday 30 April 2019 | 12:57 CET | News
Vietnamese private conglomerate Vingroup has agreed a long-term equity and commercial partnership with French-based mobile device manufacturer Archos. Under the deal, up to 60 percent of Archos' share capital could be controlled by the Vietnamese group, through its smartphone subsidiary VinSmart. This follows the recent acquisition by Vingroup of a majority stake in Spanish handset manufacturer BQ, in line with its ambition to expand in the European consumer device sector.

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Categories: Mobile & Wireless
Companies: Archos / Vingroup
Countries: Europe / France
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