Samsung-Bosch battery venture to buy U.S. Cobasys

SEOUL | Mon Jul 13, 2009 10:57pm EDT

SEOUL (Reuters) - SB LiMotive, an electric vehicle battery joint venture between South Korea's Samsung SDI (006400.KS) and Germany's Robert Bosch, will buy U.S. battery maker Cobasys, Samsung SDI said on Tuesday.

Details including the value of the acquisition were not disclosed.

(Reporting by Rhee So-eui; Editing by Jonathan Hopfner)

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