Cargotec to acquire 49% stake in China Crane joint venture

Cargotec will acquire Carlyle Group's 49% stake in China Crane Investment Holdings and invest around EUR 30 million for a 49% stake in a joint venture with Jiangsu Rainbow Heavy Industries (RHI).

“Cargotec will invest around EUR30 million ($43 million) for a 49% in the joint venture with the Chinese firm.”avcj.com

• 1 source
• avcj.comCargotec set to buy Carlyle's stake in China Crane | AVCJTim BurroughsNov 8, 2023

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