Inter Cars plans to create joint venture with Liberty Motors

WSE-listed auto parts distributor Inter Cars signed with Liberty Motors term sheet agreement for establishing a joint venture (JV). The parties plan to create a limited liability company, which will operate in the distribution of motorcycles, motorcycle parts, and accessories. Inter Cars will hold 65 percent in JV, and Liberty Motors will own the remaining 35 percent. The companies plan to continue negotiations on an exclusive basis till the end of 2018.