# JFE Engineering subsidiary acquires 3.87% stake in Biwase

FE Holdings, a subsidiary of JFE Engineering, spent 900 million JPY (8.6 million USD) to acquire a 3.87% stake in Binh Duong Water Environment JSC (Biwase) of Vietnam. The investment aims to tap into demand for water treatment infrastructure in Vietnam.

- Type: Acquisition
- Announced: 2020-10-06
- Where: Binh Duong province, Vietnam
- Value: $8.60M (900.0M JPY)
- Status: completed
- Products: water treatment services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [JFE Engineering](https://endata.com/companies/3418.md) (acquirer)
- [Binh Duong Water Environment JSC](https://endata.com/companies/51040.md) (target)

## Sources

- [en.vietnamplus.vn](https://en.vietnamplus.vn/japanese-firm-invests-in-water-treatment-in-vietnam-post189918.vnp), 2020-11-06: "The FE Holdings – a subsidiary of JFE Engineering of Japan - has spent 900 million JPY (8.6 million USD) to acquire a 3.87 percent stake in the Binh Duong Water Environment JSC of Vietnam (Biwase)."
- [en.vietstock.vn](https://en.vietstock.vn/2020/11/japans-jfe-acquires-shares-of-biwase-to-strengthen-foothold-in-water-treatment-113-426641.htm), 2020-11-07: "JFE Engineering Corporation from Japan has signed an MoU for business alliance with Binh Duong Water Environment JSC (BIWASE) and acquired 3.87 per cent of its shares at an auction held on October 6 by the Ho Chi Minh City Stock Exchange."

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