# Electrical Industries enters negotiations to buy assets of CG Power Belgium in liquidation

Saudi Electrical Industries announced its board decided to enter negotiations with the judicial liquidator in Belgium to purchase assets of CG Power Belgium (in liquidation), including machinery, equipment, inventory, design software, and intellectual property rights. It also plans to establish a limited liability company in Belgium to transfer the assets if the deal is completed.

- Type: Acquisition
- Announced: 2020-08-24
- Where: Belgium
- Status: announced
- Products: electrical transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Saudi Electrical Industries](https://endata.com/companies/49416.md) (acquirer)
- [CG Power Belgium](https://endata.com/companies/49417.md) (target)

## Sources

- [argaam.com](https://www.argaam.com/ar/article/articledetail/id/1401339), 2020-08-24: "أعلنت شركة الصناعات الكهربائية قرار مجلس إدارتها أمس، الدخول في مفاوضات لإبرام اتفاقية شراء مع المصفي القضائي في بلجيكا لشراء أصول شركة سي جي باور بلجيم (تحت التصفية)."

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