Brief: Phoenix Mecano To Acquire Majority Stake In Mei Hui Machinery Co., Ltd.

Phoenix Mecano AG

22/10/2018 06:06

Oct 22 (Reuters) - Phoenix Mecano AG  PM.S :
    * TO STRENGTHEN MECHANICAL COMPONENTS DIVISION WITH
ACQUISITION IN
ASIA
    * PLANS TO ACQUIRE A MAJORITY STAKE IN CHINA-BASED MEI HUI
MACHINERY CO., LTD.
    * TRANSACTION IS EXPECTED TO CLOSE IN 2019
    * INTENDS TO ACQUIRE 80%
    * PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE

Source text for Eikon:  ID:nTEN4e4e1a 
Further company coverage:  PM.S 

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