Feb 01, 2012 01:16 PM

Sany to Buy German Machinery Maker

By staff reporters Zhang Boling and Wang Yong and intern reporter Ma Anyue

(Beijing) – Sany Heavy Industry Co. (SSE: 600031) is set to acquire a German concrete-pump maker, as part of the company's efforts to expand to overseas markets.

Sany, a major heavy engineering machinery maker in China, said on January 31 that it will join with CITIC PE Advisors (Hong Kong) Ltd. to buy the entire stake of German firm Putzmeister Holding GmbH for 360 million euros.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR