# Dongfang Jinggong to sell 40% stake in Ferretto Group for €12.5M

Dongfang Jinggong's subsidiary Dongfang Netherlands agreed to sell its 40% stake in Ferretto Group for €12.5 million. The transaction is expected to increase the company's 2018 net profit by about 7.73 million yuan.

- Type: Acquisition
- Announced: 2018-09-21
- Where: Northern Italy, Italy
- Value: $14.6M (12.5M EUR)
- Status: announced
- Products: smart warehousing and logistics systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Dongfang Jinggong](https://endata.com/companies/34504.md)
- [Ferretto Group](https://endata.com/companies/34505.md) (target)

## Sources

- [finance.sina.com.cn](http://finance.sina.com.cn/roll/2018-09-25/doc-ihkmwytp0786012.shtml), 2018-09-25: "东方精工拟1250万欧元转让FERRETTO GROUP 40%股份"

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