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M&M to sell controlling stake in Peugeot Motocycles to Mutares

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MM to sell controlling stake in Peugeot Motocycles to Mutares In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC).

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