# NARI Technology to acquire 87% stake in NR Electric for CNY 18.8 billion

NARI Technology signed a framework agreement to acquire an 87% stake in NR Electric from NARI Group Corporation and Shen Guorong for CNY 18.8 billion. The deal includes cash and stock, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2017-03-27
- Where: China
- Value: $2.73B (18.8B CNY)
- Status: announced
- Products: electric power equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [NARI Technology Co., Ltd.](https://endata.com/companies/23081.md) (acquirer)
- [NR Electric Co., Ltd.](https://endata.com/companies/23082.md) (target)
- [NARI Group Corporation](https://endata.com/companies/23083.md) (partner)
- [Shen Guorong](https://endata.com/companies/23084.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/NARI-TECHNOLOGY-CO-LTD-6497134/news/NARI-Technology-Co-Ltd-signed-a-major-asset-reorganization-framework-agreement-to-acquire-87-sta-35153480/), 2017-03-26: "NARI Technology Co., Ltd. signed a major asset reorganization framework agreement to acquire 87% stake in NR Electric Co., Ltd."

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