Phoenix Mecano plans to acquire 80% stake in Mei Hui Machinery Co., Ltd.

Phoenix Mecano Group plans to acquire an 80% stake in China-based Mei Hui Machinery Co., Ltd., a metalworking specialist in Zhejiang Province. The transaction is expected to close in 2019, subject to regulatory approvals.

“The transaction is expected to close in 2019, subject to regulatory approvals.”group.phoenix-mecano.com

• 1 source
• group.phoenix-mecano.comPhoenix Mecano to strengthen Mechanical Components division with acquisition in Asia - Phoenix Mecano AG - Phoenix Mecano AGOct 22, 2018

Summarized from public sources; check the original articles before acting on it.