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Sep 16, 2020ACQUISITIONSachsen, Germany Neway Valve cancels EUR 11.3M acquisition of Econosto
Neway Valve called off its planned EUR 11.3 million takeover of Germany's Econosto International Holding due to Covid-19 market changes, and will pay EUR 500,000 in compensation.
Productsvalve assembly, testing and maintenance servicesflow control products
“Neway Valve has aborted its planned EUR11.3 million (USD13.4 million) take-over of Germany's Econosto International Holding.”yicaiglobal.com
- 2 sources
- yicaiglobal.comChina’s Neway Valve Calls Off USD13.4 Million Acquisition of Germany’s EconostoSep 16, 2020
- devel.btimesonline.comCHINA BRIEFING: Chinese Valve Maker Lets Off Steam In Acquisitions; Shanghai Shoots, Shanghai ScoresSep 17, 2020
Summarized from public sources; check the original articles before acting on it.
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