Sept 15 (Reuters) - China Grand Automotive Services Co Ltd * Says considers offer to buy Baoxin Auto Group via cash Source text in Chinese: bit.ly/1J9soma Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)
China Grand Automotive is in preliminary talks to buy a stake in Baoxin Auto Group, China's largest dealer group of BMW AG, amid a slowdown in new car sales in the China's vehicle market. The deal would be worth about $900 million and include an option for another $800 million, according to people familiar with the matter. Both companies have experienced a drop in net income for 1H2015.