BNP in Talks to Buy Mercedes' Athlon
SA is in advanced talks to acquire
Mercedes-Benz
Group's leasing unit
Athlon
, according to people familiar with the matter.
The deal could value the business at about INR 1
billion
($1.2 billion), one of the people said, asking not to be identified . Deliberations are still ongoing and there's no certainty they will lead to a transaction, the people said. Other parties have also expressed interest and another buyer could still emerge.
Representatives for BNP and
Mercedes
declined to comment.
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