Brief: Kone to acquire remaining 20 pct in Chinese subsidiary

Giant

25/08/2016 11:00

Aug 25 (Reuters) - Kone Oyj  KNEBV.HE  
    * Says will acquire the remaining 20 percent stake in its 
Chinese subsidiary GiantKONE Elevators Co. from Zhejiang Giant 
Holdings 
    * Says acquisition price is approximately 180 million euros  
($203.27 million) 
    * Says following this transaction Kone will increase its 
shareholding in GiantKONE from 80 percent to 100 percent 
    * Says the acquisition will not have an impact on 
Kone's sales or operating income. 
 
Source text for Eikon:  ID:nGNE17lVJQ  
Further company coverage:  KNEBV.HE  
 
($1 = 0.8855 euros) 
 
 (Copenhagen newsroom) 
 ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;))