Thursday, January 17, 2013

2013 begins with new outbound investments

If 2012 ended with the continuous growing trend of Chinese entrepreneurs' outbound investments, 2013 has started with the continuation of this trend, as the below announced investments show:
  • Taiwan-listed China Steel Corp said it is part of a consortium which will buy 15% of ArcelorMittal's Labrador through iron ore mining and infrastructure assets in Canada or USD 1.1 Billion in cash.
  • Chinese machinery manufacturing group Zoomlion Heavy Industry Science and Technology said it acquired a 40.7% stake in Italian construction equipment & machinery manufacturing group Compagnia Italiana Forme Acciaio (CIFA) for USD 235.8 Million.

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