# Ericsson China wins bid for 49% stake in ENC for CNY 465 million

Ericsson (China) Co., Ltd. has been selected as the winning bidder to acquire a 49% equity interest in ENC from Nanjing Panda Electronics and other sellers for a total consideration of CNY 465 million. The transaction was confirmed on September 26, 2025, and a contract was signed on September 29, 2025.

- Type: Acquisition
- Announced: 2025-09-26
- Where: China
- Value: $64.0M (465.0M CNY)
- Status: announced
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Ericsson (China) Co., Ltd.](https://endata.com/companies/87489.md) (acquirer)
- [Nanjing Panda Electronics Company](https://endata.com/companies/87490.md) (target)
- [ENC](https://endata.com/companies/87491.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1351264.html), 2025-09-30: "于2025年9月26日，本公司接获上海联合产权交易所通知，确认爱立信(中国)有限公司为公开招标的中标者。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.