INVESTMENT ENTHUSIASM
On Feb. 11, BMW strengthened its partnership in China by extending the joint-venture contract of BBA until 2040, and increased its shares from 50 percent to 75 percent by investing some 27.9 billion yuan (about 4.4 billion U.S. dollars).
“We continue to expand our long and successful commitment to China,” said Oliver Zipse, chairman of the board of management of BMW AG. “Our continued success in the world’s largest automotive market can only go hand in hand with the growth and further development of our BBA joint venture.”
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.