$TRUMP Australian Eagers Automotive acquires remaining stake in its joint venture with
BYD
Australian company Eagers Automotive (ASX: APE) announced on Monday that it had entered into an agreement to acquire the remaining 20% stake in a joint venture with Chinese electric vehicle manufacturer BYD.

Shares in the automotive retailer rose 7% to A$20.05 following the deal announcement.

Eagers will pay for the stake through a combination of cash and shares, without disclosing the total value of the deal.

$XAU
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