Factbox: Chinese investments in German companies

Beijing Enterprises Holdings

29/05/2018 15:26

FRANKFURT, May 29 (Reuters) - China's Ningbo Jifeng Auto
Parts  603997.SS  has made an approach to buy control of German
rival Grammer  GMMG.DE  at a time when Chinese takeovers face
increased scrutiny from European authorities eager to protect
domestic know-how.
    Ningbo Jifeng had already gained clearance from German
authorities to build a 25.5 percent stake in Grammer, but wants
to increase its holding.  urn:newsml:reuters.com:*:nL3N1T02WO
    Following is a list of major bids by Chinese firms for all
or part of German companies:
  
    BIOTEST  BIOG_p.DE 
    Biotest, whose products are used to treat blood coagulation
disorders, auto-immune diseases and immune deficiencies, agreed
in April 2017 to be taken over by Chinese investor Creat Group
Corp in a cash deal worth 1.3 billion euros ($1.6 billion).
 urn:newsml:reuters.com:*:nL8N1HF3AB
    
    DAIMLER  DAIGn.DE 
    Geely Chairman Li Shufu bought a $9 billion stake in German
carmaker Daimler using banks, shell companies and derivatives,
prompting questions in Berlin about the adequacy of German
disclosure rules. The German markets regulator said Li's
approach breached disclosure rules.  urn:newsml:reuters.com:*:nL8N1SJ0BK
    
    DEUTSCHE BANK  DBKGn.DE 
    Chinese conglomerate HNA Group  HNAIRC.UL  bought shares in
Deutsche Bank in 2016 and became the top investor after a
capital increase in 2017. This year HNA reduced its holding to
7.9 percent from 10 percent.  urn:newsml:reuters.com:*:nB9N1O7022
    ENERGY FROM WASTE
    Beijing Enterprise  0392.HK  agreed in 2016 to buy Energy
from Waste (EEW) from Swedish buyout group EQT in a deal valuing
the German waste management firm at about 1.8 billion euros.
    
    HAUCK & AUFHAEUSER
    Fosun International  0656.HK  agreed in 2016 to buy German
private bank Hauck & Aufhaeuser for up to 210 million euros, in
what was the first Chinese takeover of a German bank.
            
    ISTA
    A consortium led by Hong Kong's CK Infrastructure  1038.HK ,
part of Li Ka-shing's empire, bought German metering and energy
management group Ista in 2017 from private equity fund CVC in a
deal valued at up to 4.5 billion euros.  urn:newsml:reuters.com:*:nL3N1KI5LG
    
    KRAUSMAFFEI  KMGER.UL 
    A group of Chinese investors including China National
Chemical Corp (ChemChina)  CNNCC.UL  agreed in 2016 to buy
plastics processing machinery maker KraussMaffei Group GmbH for
925 million euros from Canada's Onex Corp.
    KION  KGX.DE 
    Weichai Power  000338.SZ  took a 25 percent stake in German
forklift truck maker Kion in 2012. It has since gradually
increased its stake and now holds about 43 percent.
    KUKA  KU2G.DE 
    Chinese home appliance maker Midea Group  000333.SZ  made a
bid in 2016 for Kuka, valuing the German factory robot
manufacturer at about 4.5 billion euros. At the time, it was the
most expensive offer by a Chinese investor to gain control of
German industrial technology.
    MEERWIND
    China Three Gorges  CYTGP.UL , which operates the world's
largest hydropower plant on the Yangtze river, agreed in 2016 to
buy German offshore wind park Meerwind from U.S. buyout firm
Blackstone for an estimated 1.6 billion euros.
    
    OSRAM  OSRn.DE 
    Osram agreed in 2016 to sell its biggest unit - now renamed
LEDvance - to IDG Capital Partners, Chinese lighting company MLS
Co  002745.SZ  and financial investor Yiwu State-Owned Assets
Operation Center for more than 400 million euros.
    
    PUTZMEISTER
    Putzmeister was one of the first prominent mid-sized German
engineering firms to sell out to the Chinese, when Sany Heavy
Industry  600031.SS  bought the concrete pump maker for $698
million in 2012.

 (Compiled by Edward Taylor; Editing by Susan Fenton)
 ((Edward.Taylor@thomsonreuters.com; +49 69 7565 1187;))