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Infore Environment (000967.SZ) announced it will acquire 100% of Zoomlion Environmental (Zhonghuanjing) for 15.25 billion yuan via share issuance. The sellers include Ningbo Infore, Zoomlion Heavy Industry, and others.
Infore Holding and three other investors have paid 11.6 billion yuan for an 80% stake in Zoomlion Environmental, with Infore Holding acquiring a controlling 51% for 7.4 billion yuan.