# TKH divests ZTC to Shanghai Electric for €31M

TKH Group agreed to divest 95% of shares in Zhangjiagang Twentsche Cable Co. (ZTC) to Shanghai Electric, and 5% to ZTC management, for an enterprise value of €31 million.

- Type: Acquisition
- Announced: 2019-11-14
- Where: Zhangjiagang, China
- Value: $34.0M (31.0M EUR)
- Status: announced
- Products: copper data communication cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TKH Group](https://endata.com/companies/10272.md)
- [Shanghai Electric](https://endata.com/companies/1068.md) (acquirer)
- [Zhangjiagang Twentsche Cable Co.](https://endata.com/companies/43286.md) (target)
- [Yinghe Technology](https://endata.com/companies/43995.md) (target)

## Sources

- [tkhgroup.com](https://www.tkhgroup.com/news/tkh-divests-ztc-in-china), 2019-11-14: "TKH Group NV (‘TKH’) announces that it has reached agreement with Shanghai Electric Group Company Ltd. about the takeover of 95% of the shares of Zhangjiagang Twentsche Cable Co. Ltd."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/260889.html), 2019-12-18: "公司持有赢合科技3658.99万股股份，占赢合科技总股本的9.73%"

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