# Carraro sells its 49% stake in Agriming joint venture to Shandong Juming

Carraro Group decided to end its joint venture Agriming Agriculture Equipment Co. Ltd. by selling its 49% stake to Shandong Juming Machinery Co. Ltd., expected to complete by Q3 2019.

- Type: Acquisition
- Announced: 2019-07-30
- Where: China
- Status: announced
- Products: agriculture equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Carraro International SE](https://endata.com/companies/40977.md)
- [Shandong Juming Machinery Co. Ltd.](https://endata.com/companies/40978.md) (acquirer)
- [Agriming Agriculture Equipment Co. Ltd.](https://endata.com/companies/40979.md) (target)

## Sources

- [carraro.com](https://www.carraro.com/en/financial-data/investor-relations-before-delisting/news-carraro-international/post/joint-venture-agriming-was-closed-and-new-development-prospects-carraro-group-were-opened-china), 2019-07-30: "In order to speed up the development of the Group's activities in China, it has been decided to end the joint venture Agriming Agriculture Equipment Co. Ltd., begun in June 2017, by selling the 49% of its share capital held by Carraro International SE to Shandong Juming Machinery Co. Ltd."
- [carraro.com](https://www.carraro.com/en/financial-data/investor-relations-before-delisting/financial-news/post/dissolution-agriming-agriculture-equipment-co-ltd-joint-venture-was-finalized), 2019-09-03: "The dissolution of the Agriming Agriculture Equipment Co. Ltd joint venture was finalized last August."

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