# 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.

- Type: Acquisition
- Announced: 2024-09-20
- Where: Germany
- Value: $35.9M (32.2M EUR)
- Status: completed
- Products: underground mining transportation equipment, infrastructure equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [SMT Scharf](https://endata.com/companies/18207.md) (target)
- [Yankuang Energy Group Company Limited](https://endata.com/companies/75985.md) (acquirer)

## Sources

- [globaltimes.cn](https://www.globaltimes.cn/page/202409/1320087.shtml), 2024-09-20: "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."

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