Thursday, October 25, 2012

Chinese Outbound investments

  • The Wall Street Journal reported that Chinese conglomerate HNA Group has agreed to acquire a 48% stake in French airline Aigle Azur from businessman Arezki Idjerouidene for about USD 40 Million.
  • Chinese home textile company Sunvim Group Co said it would sell its entire 6.4% stake in German CIS thin-film solar module manufacturer Bosch Solar CISTech for EUR 4.5 Million (about USD 5.87 Million).

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