# Bucyrus Mining to sell 50% stake in Terex North Mining to Liaoning Liaoan

Bucyrus Mining China LLC plans to sell its 50% stake in Terex North Mining Machinery Co., Ltd. to Liaoning Liaoan Engineering Machinery Co., Ltd. for approximately RMB 74.4 million. Northern Heavy Industries (Beifang Co.) waived its preemptive right.

- Type: Acquisition
- Announced: 2018-09-18
- Where: Baotou, Inner Mongolia, China
- Value: $10.8M (74.4M CNY)
- Status: announced
- Products: electric wheel mining trucks, mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Bucyrus Mining China LLC](https://endata.com/companies/34376.md) (partner)
- [Liaoning Liaoan Engineering Machinery Co., Ltd.](https://endata.com/companies/34377.md) (acquirer)
- [Terex North Mining Machinery Co., Ltd.](https://endata.com/companies/34378.md) (target)
- [Inner Mongolia North Heavy Truck Co., Ltd.](https://endata.com/companies/34379.md) (partner)

## Sources

- [epaper.cs.com.cn](https://epaper.cs.com.cn/zgzqb/html/2018-09/18/nw.D110000zgzqb_20180918_10-B005.htm), 2018-09-18: "由于战略调整，比塞洛斯矿业拟向第三方买家辽宁辽鞍工程机械有限公司转让其持有的北方采矿50%的股权，转让价格将以对北方采矿50%股权的评估价值7440万元人民币为基础确定。"

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