Thursday, January 24, 2013

Two very relevant Chinese M&As

Among the over 50% of the total Chinese outbound investments performed by private companies in 2012, two of them are often highlighted:
  • The one performed in May by Sany Group, a maker of construction equipment: spent 324 Million Euros on Putzmeister, a German manufacturer of concrete machinery. The transaction was completed with through cooperation with CITIC Private Equity Funds Management Co. Ltd., an affiliate of CITIC group.
  • The one performed in August by Shanghai-based Cathay Fortune Corp: paid USD 79.3 Million to buy 12.8% stake in Australia-based mining company Discovery Metals Ltd.

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