BMW's $4.2b China bid highlights value parked in local JVs

The German group is paying a hefty premium for control of its Chinese joint venture despite rising trade tensions. Local carmakers should get a price bump.

Luxury carmaker BMW is coughing up a whopping €3.6 billion ($4.2 billion) for control of its main joint venture in China, illustrating the value of a placeholder in the world’s largest car market.

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