Metso exercises option to acquire remaining 25% of Shaorui Heavy Industries

Metso exercised its call option to acquire the remaining 25% of Chinese crushing and screening equipment manufacturer Shaorui Heavy Industries, making it a wholly owned subsidiary. The transaction is expected to close in Q4 2019.

“Shaorui business is growing and our expectations are positive.”im-mining.com

• 2 sources
• im-mining.comMetso to buy up remaining shares in Chinese crushing and screening firm - International MiningDaniel GleesonSep 17, 2019
• mining.comMetso acquires remaining shares of Shaorui Heavy Industries - MINING.COMJackson ChenSep 17, 2019

Summarized from public sources; check the original articles before acting on it.