Burckhardt Compression to acquire remaining 40% of Shenyang Yuanda Compressor

Burckhardt Compression signed a memorandum of understanding to buy the remaining 40% of Chinese compressor maker Shenyang Yuanda Compressor, which it has partly owned since 2016. It plans to exercise the call option in November 2020 and finance the deal with a Swiss bond.

“Burckhardt Compression has entered into a memorandum of understanding to acquire the remaining 40% of Shenyang Yuanda Compressor.”hydrocarbonprocessing.com

• 3 sources
• hydrocarbonprocessing.comBurckhardt Compression to acquire remaining 40% of Shenyang Yuanda CompressorSep 14, 2020
• gasworld.comBurckhardt Compression to acquire Shenyang Yuanda Compressor | gasworldSep 14, 2020
• gascompressionmagazine.comBurckhardt Goes All In On Shenyang Yuanda Compressor | Gas Compression MagazineSep 14, 2020

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