China's Zoomlion buys 57% stake in Ladurner
Updated: 2015-12-24 13:19
(Xinhua)
|
|||||||||||
CHANGSHA - Zoomlion, China's leading construction machinery producer, on Wednesday said it had signed an official agreement to buy a 57 percent stake in Italy's waste-disposal company Ladurner.
Zoomlion said it had teamed-up with Mandarin Capital to pay 67 million euros for a 75 percent stake in Ladurner. Mandarin Capital takes a 18 percent stake.
Ladurner now operates more than 30 environmental projects worldwide. It has sewage disposal capacity of 10 million cubic meters and solid waste disposal capacity of 1 million tonnes.
This is Zoomlion's first overseas environmental firm acquisition, after a series of construction machinery deals.
Zoomlion said it will bring the leading waste treatment technology to China.
Related Stories
Zoomlion steers into farming as property sector slows 2015-09-21 07:36
Zoomlion sets focus on 'strategic' M&A targets 2014-11-26 08:29
Zoomlion eyes farm machinery after $340m deal 2014-08-21 09:28
Zoomlion slashes executive salaries 2014-06-30 16:19
China's Zoomlion acquires German dry mortar producer 2013-12-26 09:02
Today's Top News
Abe expresses apology for Korean victims of comfort women
North China encounters gas supply shortage
Asian Infrastructure Investment Bank launched
Russia says it has proof of Turkey's support for IS
Investors adjusting expectations
India and Russia eye nuclear, helicopter deals
Chinese club offers lucrative contract to Spalletti
Germany is AIIB's largest non-regional shareholder
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Xi just needs to turn up for a grand welcome |
Stepping up |
Rural families still hope for male heirs |
Blue skies over Beijing ... for now |
V-Day parade for 70th WWII anniversary |
Tianjin blasts: Death, damage and bravery |