Brief: Schindler acquires majority in Chinese joint venture

Schindler Holding AG

10/07/2014 06:16

July 9(Reuters) - Schindler Holding AG  
* Says reached agreement with majority shareholders of 
XJ-Schindler (Xuchang) Elevator Co. Ltd to increase its 
participation in 2014 from 46 pct to 51 pct 
* Says reached agreement with majority shareholders of 
XJ-Schindler (Xuchang) Elevator Co. Ltd which allows Schindler 
to purchase another 5 pct of company 
* Says has right to acquire further 5 pct of company in each of 
forthcoming 3 years and to raise its participation to 66 pct in 
total by 2017 
* Says first call option is expected to be exercised in August 
 
 Source text for Eikon:  ID:nTENxibo7a  
   
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Keywords: SCHINDLERHOLDING/BRIEF