Chinese company Geely Automobile Holdings on Tuesday agreed to acquire about 34% of Renault Korea Motors, a unit of French automaker Renault Group, for 264 billion won ($207.16 million), to expand in the market electric vehicles in the country.
Renault Korea Motors will issue 45.4 million shares at 5,818 won per share to Geely Centurion Industries Limited.
($1 = 1,274.3600 won)
