# Hisense to take 75% stake in Sanden through new share issue

Chinese group Hisense is set to acquire 75% of Japanese compressor maker Sanden via a share issue worth about 21.4 billion yen (about 178 million euros). The process is to be finalised at a shareholder meeting on May 7, and affects the Tinteniac plant in France.

- Type: Acquisition
- Announced: 2021-03-04
- Where: Tinténiac, France
- Value: $196.0M (21.4B JPY)
- Status: announced
- Products: automotive compressors, CO2 heat pumps
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Sanden Manufacturing Europe](https://endata.com/companies/7701.md)
- [Sanden](https://endata.com/companies/7699.md) (target)
- [Hisense](https://endata.com/companies/7700.md) (acquirer)

## Sources

- [lejournaldesentreprises.com](https://www.lejournaldesentreprises.com/article/sanden-cede-75-de-son-capital-au-chinois-hisense-1089694), 2021-03-04: "le japonais indique dans un communiqué qu'il a en effet émis de nouvelles actions à hauteur d'environ 21,4 milliards de yens"

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