What is this worth?There is strength in numbers.
A&P brings credibility to NBM - especially with the banks.
This move will accelerate their growth.
Lots more we don’t know here. Landscape isn’t the same as few months ago.
Some are crying over 40%.. BUT..
A&P will provide scale and a new network.. think ‘Shark Tank’ effect vs going it alone!
In particular, we strongly believe that NBM Korea will create additional synergies through strategic business relationships with A&P and its related parties, Yongsan and YSP, that hold a proven operating history of over 40 years in the automotive industry."
A&P and its related parties will actively support NBM Korea to pursue debt financing from financial institutions and other forms of strategic synergies through utilizing their extensive business network.