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Ashurst Advises Kia Motors Corporation On Its Approximately USD 1bn Investment With The Mexican Government.

4 September, 2014

 

Ashurst advised South Korea’s Kia Motors Corporation (“Kia“) with respect to its investment with the Mexican State of Nuevo Leon to build an approximately USD 1bn car manufacturing plant, which will enable it to secure a local production base to meet global demand for new vehicles.

 

The Ashurst team was led by partner John K.J. Kim, and assisted by partner Peter Kwon.

 

Commenting on the deal, John K.J. Kim said: “This is a very significant development and a major strategic move for Kia. It will be the company’s first car manufacturing plant in Mexico, and one which is expected to play a major role in alleviating current global supply issues thanks to its strategic geographic location. We are very proud to have represented such a valued client on this important transaction.”

 

Ashurst was also assisted by the Mexican law firm, Basham, Ringe y Correa, S.C.

 

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