Yankuang Energy completes acquisition of 52.66% stake in Scharf AG

Yankuang Energy Group completed the acquisition of a 52.66% stake in German mining equipment manufacturer SMT Scharf AG for €32.17 million, gaining entry into the European market.

“Shandong-based Yankuang Energy Group Company Limited (Yankuang Energy) announced on Friday that the company has completed the transaction acquiring a 52.66 percent stake of listed German mining equipment manufacturer SMT Scharf AG.”globaltimes.cn

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• globaltimes.cnShandong-based Yankuang Energy completes acquisition of listed German firm Scharf AG - Global TimesGlobal TimesSep 20, 2024

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