The hottest Sany Heavy industry realized the withd

2022-08-23
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Sany achieved 100% control of German elephant CITIC Capital Withdrawal

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Sany achieved 100% control of German elephant CITIC Capital Withdrawal

WW Qu Jinping said that the earliest experimental machine was a static experimental machine. China Construction Machinery information

Guide: Sany announced on the evening of the 1st, Sany International Development Co., Ltd., a wholly-owned subsidiary of the company, invested US $54.8977 million to acquire 100% of the equity of CPM achinery limited, a subsidiary of CITIC Industrial Investment Fund Management Co., Ltd., so as to obtain putzmann, Germany, known as the German elephant

Sany Heavy Industry announced on the evening of the 1st that Sany International Development Co., Ltd., a wholly-owned subsidiary of the company, invested US $54.8977 million to acquire 100% equity of CPM achinery limited, a subsidiary of CITIC Industrial Investment Fund Management Co., Ltd., thereby obtaining 10% equity of Putzmeister, Germany, known as the "German elephant". After the completion of this transaction, Sany Heavy Industry will hold 100% equity of Putzmeister, Germany

in April last year, Sany Heavy Industry and CITIC Industrial Investment Fund (Hong Kong) Consulting Co., Ltd. jointly invested 360million euros to jointly acquire Germany Putzmeister Holdings Co., Ltd. Sany Germany Co., Ltd., a holding subsidiary of Sany Heavy Industry, holds 90% of its equity, and CITIC Industrial Investment Fund (Hong Kong) Consulting Co., Ltd. holds 10% of its equity

Sany said that the acquisition will help further improve the company's R & D and innovation capabilities and international operation and management experience. "For example, most of the works composed of waste materials are plastics and international development level, consolidating the leading position of" the world's largest concrete machinery manufacturer "

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