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Israel's Aurelius, German state to take over VW's Osnabrueck plant for defence projects
Source: reuters.com
Automotive & EVInfrastructure & DefenseM&A & RestructuringGeopolitics & War
Israeli investor Aurelius Capital and Germany's Lower Saxony state plan to acquire one of Volkswagen's German factories and convert it to defense production. The proposed transaction would repurpose automotive manufacturing capacity for defense projects, reflecting Europe’s increased defense-industrial demand, though no financial terms or timing were disclosed.
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