# Maanshan Iron & Steel to invest RMB 661.3 million in Baowu Water

Maanshan Iron & Steel agreed to invest RMB 661.3 million in Baowu Water, a water and air treatment platform under China Baowu, in exchange for a 19.135% stake. The investment will be made in kind.

- Type: Acquisition
- Announced: 2021-09-17
- Where: China
- Value: $102.0M (661.3M CNY)
- Status: announced
- Products: industrial water treatment, reclaimed water treatment
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Maanshan Iron & Steel](https://endata.com/companies/37422.md) (investor)
- [China Baowu](https://endata.com/companies/52818.md) (partner)
- [Baowu Water](https://endata.com/companies/57800.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/562747.html), 2021-09-17: "宝武水务作为中国宝武水务及大气治理的专业化平台公司，具有广阔的发展前景。"

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