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From TAMO shareholders’ perspective, there was minimal risk of over-payment. Additionally, the negotiated nature of the deal provided both parties with enough head-room to negotiate a fair deal. It has also given TAMO the opportunity to assess the asset from a close range and also meet the various stakeholders such as JLR management and union representatives. Media statements from labour union representatives indicate that TAMO has already signed definitive agreements with respect to staffing. We believe this provides a strong foundation for JLR’s smooth transition from Ford to Tata Motors...
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