# CITIC Capital Partners buys 33% stake in China Merchants Loscam from Sinotrans

The China buyout fund CITIC Capital Partners acquired a 33% stake in China Merchants Loscam, a pallet and returnable packaging pooling provider, from Sinotrans. Sinotrans retains a 45% stake. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2019-01-04
- Where: China
- Status: completed
- Products: pallets, returnable packaging pooling solutions
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [CITIC Capital Partners](https://endata.com/companies/4411.md) (acquirer)
- [Sinotrans](https://endata.com/companies/4412.md) (partner)
- [China Merchants Loscam](https://endata.com/companies/4413.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/deals-and-mas-this-week-loop-industries-zeropack-ar-packaging-group/), 2019-01-04: "The China buyout fund of CITIC Capital Partners has acquired a 33% stake in China Merchants Loscam from Sinotrans."

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