Industrial Machineryworld trade 2024+4.5% 5Y CAGR
Automotive Componentsworld trade 2024+2.2% 5Y CAGR
Jul 13, 2021ACQUISITIONChina Weichai Power to acquire 39.31% stake in Weichai Lovol
Weichai Power agreed to buy a 39.31% stake in Weichai Lovol from Abos and Qingte for a total of approximately CNY 985 million. Weichai Lovol manufactures agricultural machinery, construction machinery, and automotive parts.
Value
$152.0M (985.0M CNY)
Productsagricultural machineryconstruction machineryautomotive parts
“本次股份收购完成后,公司合计持有雷沃重工39.31%股份,为雷沃重工的第二大股东”beta.zhitongcaijing.com
- 2 sources
- beta.zhitongcaijing.com为开拓高端农业装备市场 潍柴动力(000338.SZ)拟以9.85亿元收购雷沃重工39.31%股份Jul 13, 2021
- beta.zhitongcaijing.com潍柴动力(02338)拟收购潍柴雷沃39.31%股权Jul 13, 2021
Summarized from public sources; check the original articles before acting on it.