GERMANY: Mazda buying Austrian operation
Mazda will soon directly distribute vehicles in Austria, Central and Eastern Europe by establishing a joint venture to control operations for nine markets. This follows the signing of a Memorandum of Understanding of the purchase from Erste Bank of its 50 per cent share of Mazda Austria GmbH. In addition to operating in Austria, the company also manages distribution in Hungary, Slovenia, Croatia, Macedonia, Yugoslavia, Bosnia, Romania and Bulgaria.
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