Geely Automobile Holdings (HKG:0175) and Renault Group each retained their 45% stakes in Horse Powertrain after energy and chemicals company Aramco completed its acquisition of a 10% stake.

Aramco's investment is based on a 7.4 billion-euro enterprise valuation of Horse Powertrain, according to a Dec. 2 news release.

The Horse Powertrain joint venture provides hybrid and internal combustion powertrain products and services.

Geely shares were down nearly 1% in recent trade on the Hong Kong bourse.

Price (HKD): $14.28, Change: $-0.18, Percent Change: -1.24%