This would be followed by an agreement to form a joint venture.
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He has formed a joint venture with its parent company and hopes to open the first of several outlets next year.
Times, Sunday Times
She formed a joint venture with her employer, and its sales show the growth of her business model.
Times, Sunday Times
The two companies have formed a joint venture, reported to cost up to $2 billion (1.2 billion), to manufacture plastic out of ethanol made from sugar cane.
Times, Sunday Times
The companies formed a joint venture to run the business.
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