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Jun. 15, 2013, 11:56 PMAfter 2 years of discussions, Mahindra & Mahindra (MAHDY.OB) is doing a share swap with Madrid-listed CIE Automotive whereby M&M will merge 5 of its subsidiaries into an entity called M&M Cie Automotive of which CIE will be the majority shareholder, through its Brazilian subsidiary Autometal. In return, M&M will become the second-largest CIE shareholder, with 13.5%. The complicated deal is expected to take another year or more to accomplish. | Comment!
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