Chongqing Machinery & Electric acquires 49% stake in WGP for €720,000

Chongqing Machinery & Electric (02722.HK) agreed to acquire a 49% stake in WGP, an Italian company specializing in building and refurbishing hydropower stations, for a total consideration of approximately €720,000.

“本次收购将推动重庆水轮积极拓展国际水电市场，稳定海外管道;促进重庆水轮实现制造及服务的转型升级，具有明显的协同效应。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com开拓国际市场 重庆机电(02722)72万欧元购WGP公司49%股权Nov 4, 2016

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